Rakuten Group Posts Record Q1 Revenue of 437.1 Billion Yen in 2022

Rakuten Group today announced its financial results for the quarter ended March 31, 2022, delivering a recorded revenue growth in all three segments in Q1 FY2022: Internet Services, FinTech and Mobile.

According to the group, its consolidated revenue achieved double-digit growth, up 11.7% year-on-year (YoY), coming to a total of 437.1 billion yen and marking the highest revenue ever recorded by the Rakuten Group in the first quarter of a fiscal year.

In Q1 FY2022, the average number of monthly active users across the Rakuten Group in Japan surpassed 36 million, up 11.2% YoY.

During the three months, Rakuten's revenue for the Internet Services segment was 245.8 billion yen, up 9.3% YoY. Segment income was 18 billion yen, down 56.7% YoY.

The FinTech segment recorded revenue of 158.1 billion yen, up 4.3% YoY. Segment profit was 22.8 billion yen, a decrease of 7.3% YoY. Rakuten Securities surpassed 7.68 million general securities customer accounts in March 2022. Since 2018, Rakuten Securities has held the record for the highest number of new account openings in the industry for four consecutive years.

In addition, the Mobile segment revenue rose to 80.4 billion yen in Q1 FY2022, a significant increase of +44% YoY.