#cover_corpcom #hololiveprocom
For Q1 FY2024, **Cover** reported significant financial growth, with sales rising by 42.8% to ¥5,142 million yen ($35,479,800 USD), gross profit by 73.9% to ¥2,634 million yen ($18,174,600 USD), and operating profit soaring by 147.5% to ¥895 million yen ($6,175,500 USD). The company observed robust growth across multiple revenue streams, notably a 94% growth in concerts/events and 167.7% in licensing/collaborations. Hololive Vtuber channels witnessed a 15.7% surge in subscriptions, reaching 48.3 million, with the collective subscriber count of all 75 VTubers at 77.82 million. Despite a current seasonal dip, earnings per VTuber maintain an upward trajectory. In May 2023, Cover had shared its complete financial data for FY2023, highlighting growth strategies for the ongoing fiscal year.
https://www.siliconera.com/hololive-vtuber-channels-hit-48-3-million-subscribers/