LINE Corp. announces Q4 earnings FYE 2013 with amazing growth results on all metrics – now at 340M users! http://bit.ly/1fQX4u7
LINE Corp., owner and operator of the free call and messaging app LINE, today announced their Q4 (October – December) and yearly earnings for 2013. LINE Corporation’s revenue for the quarter, calculated as net sales from gross sales, was JPY 15.9 billion, an increase of 16% over the previous quarter. The total yearly revenue for 2013 was JPY 51.8 billion.
The revenue for LINE Corporation’s core business, LINE, totaled JPY 12.2 billion in Q4, a 20% increase over the previous quarter and a 450% increase over the same quarter in the previous year. The total yearly revenue for 2013 was JPY 34.3 billion. The increase in net sales based on the core LINE business is due to increases in in-game purchases (approx. 60% of revenue), sticker purchases (approx. 20% of revenue), and other areas such as official accounts and sponsored stickers. Currently, LINE has 340 million users worldwide.