Rakuten posts strong q3 2025 revenue growth, operating income improves

Rakuten Group, Inc. reported a 10.5% increase in consolidated revenue to 1,787,635 million yen for the nine months ended September 30, 2025. Non-GAAP operating income reached 58,352 million yen, a substantial improvement from a loss of 24,931 million yen in the prior year. This growth was largely propelled by the Internet Services segment, which saw an 8.3% year-on-year revenue increase to 979,618 million yen, and the FinTech segment, with a 16.9% revenue increase to 706,780 million yen.

The Mobile segment also contributed to revenue growth, increasing by 13.5% year-on-year to 341,537 million yen, with a reduced segment loss of 126,872 million yen. Despite the overall positive revenue trends, the company recorded a net loss attributable to owners of the Company of 151,294 million yen for the nine-month period.

Looking ahead, Rakuten aims for double-digit consolidated revenue growth in 2025, excluding its securities business, and targets Non-GAAP operating income profitability for the current fiscal year. The company recently issued 82,000 million yen in unsecured undated bonds to refinance existing debt, which will be classified as equity instruments under IFRS.