Japanese digital media company CyberAgent reported a rare quarterly loss in its 2023 Q1 financial results, caused by the costly acquisition of 2022 Fifa World Cup rights by its streaming platform Abema.
However, CyberAgent said the World Cup broadcast had "considerably increased" the "intrinsic value" of Abema. User numbers and advertising revenue both spiked during Q1, which covered October to December 2022.
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