LY Corp reported consolidated revenue of JPY553.9 billion for the first quarter of fiscal 2027, up 13.1% year on year, with adjusted EBITDA rising 23.1% to JPY154.8 billion and margin improving to 28%. The Media business saw adjusted EBITDA grow 14.2% with margin expanding to 41.8%, while Commerce adjusted EBITDA rose 10.2% with margin reaching 17.3%. Strategic businesses, which include PayPay and other fintech operations, posted revenue growth of 34.9% and adjusted EBITDA of JPY35 billion at a 26.9% margin, with PayPay alone delivering 28.4% revenue growth, 23% GMV growth, and a 59.1% jump in EBITDA. The company's AI agent, Agent i, reached 12 million daily active users, and LYP Premium direct members grew 36.8% to 6.82 million. Management expressed confidence in exceeding full-year guidance, citing strong first-quarter performance and no major risks for the second quarter.
LY CorporationQ1 revenue and EBITDA growth beat expectations, with management confident in exceeding full-year guidance.
