-=LINE Corp (LN) reports YTD 9 month results

LINE Corp reports YTD 9 month results 

• Co reports YTD 9 month results of JPY 12.184 bln, up 114% YoY; revs +17.4% YoY to JPY 121.2 bln (no comparable ests).
• Guidance: The Group's revenues for the current fiscal year (January 1, 2017 to December 31, 2017) are expected to be higher compared to the fiscal year ended December 31, 2016. Specifically, in LINE advertising, growth in revenues is expected primarily due to Official Accounts and the contribution from the revenues of performance ads following the launch of ads on LINE family service such as LINE Manga. With respect to content distribution, the Group expects to continue to generate steady revenues, mainly because the Group plans to appropriately update existing titles and implement marketing.