Cover's q1 financial report is out

[Anonymous No.]

https://contents.xj-storage.jp/xcontents/AS05169/b97a0498/dfe5/4ec4/abb2/05f473f683ee/20240808142822051s.pdf
https://contents.xj-storage.jp/xcontents/AS05169/b97a0498/dfe5/4ec4/abb2/05f473f683ee/20240808142822051s.pdf
https://contents.xj-storage.jp/xcontents/AS05169/b97a0498/dfe5/4ec4/abb2/05f473f683ee/20240808142822051s.pdf

[Anonymous No.]

>>82464360
Go back to your containment thread /#/nigger

[Anonymous No.]

Someone please summarize it for me, am retard

[Anonymous No.]

>>82464510
NIJISEETHE

[Anonymous No.]

>>82464545
Numbers go up, life is good

[Anonymous No.]

I think people are way too invested in this shit when you start reading financial reports to support your console war shit

[Anonymous No.]

>>82464510
go back to your discord and crying there sister #cut4hex

[Anonymous No.]

>>82464510
tell that to Cover

[Anonymous No.]

>>82464578
thank

[Anonymous No.]

>>82464360
>no holostars
oh no no no

[Anonymous No.]

>>82464360
bros?

[Anonymous No.]

>>82464360
Man can't wait to see Anycolor's Q1 now that their Anime Expo days are total disaster

[Anonymous No.]

>>82464775
>>82464806
>if only you knew how bad things really are.

[Anonymous No.]

>talent pay increased by 9% YoY
>other cost of sales increased by 41% YoY - well the percentage coincides with the 40% increase of merchandise sales

[Anonymous No.]

>>82464581
I have yet to see anyone actually owning stock of vtuber companies and posting proof of it either. It's all tribalist shit flinging.

[Anonymous No.]

>>82464510
>>82464581
>>82464957
losers seething

[Anonymous No.]

>>82464775
>>82464806
>THE HOMOS ARE PART OF HOLOLIVE TO—
ACK

[Anonymous No.]

>>82464775
>>82464806
>HOLOSTARS ARE HOLOL-ACK

[Anonymous No.]

>>82464926
cover did start releasing a lot more shirts hoodies ect recently

[Anonymous No.]

>>82464957
>I have yet to see anyone actually doxxing themself
What a retard.
This is 4chan, anon here like to shitposting and funposting.
If you hate such stuff, go back to twitter or reddit whete you can have a safe space.

[Anonymous No.]

>>82464957
i am unironically too retarded to buy single stocks from the tokyo exchange

[Anonymous No.]

>>82464360
Why is this year's profit lower than last year's? Is this the downfall for Hololive?

[Anonymous No.]

>>82464360
When I first looked at the pic I misread it as "Dongers."

[Anonymous No.]

>>82465165
2014chama...

[Anonymous No.]

>>82465135
Anon...

[Anonymous No.]

>>82465135
That's because they spent money on the Dodgers collab and other events. Though only short term traderfags would think spending money on Holo PR instead of investor's wallets is a bad idea without thinking about long term goal in the state of VTubing right now

[Anonymous No.]

>>82465165
>dongers
raise 'em
ヽ༼ຈل͜ຈ༽ﾉ

[Anonymous No.]

>The majority of income is from merch
I don't like this, VTubing corpos will experience what esports orgs around the world are experiencing right now. Expect more graduations from this point onwards.

[Anonymous No.]

they forgot to put tempus and armis here...

[Anonymous No.]

>>82465577
I think the structure is quite different, but please do elaborate on the matter further.

[Anonymous No.]

>>82464926
Here is the translation of picrel from black company language to English:
>Performer remuneration - fake superchats and members done by Cover staff (none of it gets in talent hands afterwards)
>Outsoursing expenses - cost of amazon and steam cards paid to holonig shills /here/, on reddit, twitter, etc
>Event expenses - cost of hired mass actors to make it look like a lot of people visit the events
>Other cost of sales - cost of maintaining and scaling Cover's viewbot servers

[Anonymous No.]

>>82464578
my favorite part of every report
>*2:Fuwawa Abyssgard and Mococo Abyssgard, who shared a channel, were counted as one person

Today they only used it twice.

[Anonymous No.]

>>82464360
>holostars
>0/0
Keeping the failures hidden once again I see.

[Anonymous No.]

>>82465608
Who and who?

[Anonymous No.]

>>82465440
I would never understand the traders. Like what reason would it be to earn the revenue and not spend it on their brand and talents ? To make the report look better ? Or to spend it on stock buybacks ? The stocks can only help a company so far, and the crash on Monday is a pretty telling story of that exact risk

Is it a trend that traders love black companies and hate somewhat white ones ?

[Anonymous No.]

>>82465659
Good old NIJISEETHE, keep up the production.

[Anonymous No.]

>>82465111
Just post your portfolio. Surely you are making big gains from owning Cover stock and shorting Anycolor, right?
Surely you aren't just a tribalist who isn't putting his money where his mouth is, right?

[Anonymous No.]

>>82465659
I know that this is a troll.
But, there's genuinely people who believe such stuff.

[Anonymous No.]

>>82465608
fucking kek

[Anonymous No.]

>>82464957
>It's all tribalist shit flinging
enough about yourself sister

[Anonymous No.]

>>82465577
That's how it always has been and always will be

[Anonymous No.]

>>82465608
>HOLOSTARS ARE HOLOL-ACK

[Anonymous No.]

>>82465743
bcoz trader never trust company their only look at number

[Anonymous No.]

>>82465577
its works like this for every single brand on any industry
even something like an independent fleshtuber video essay guy releases shit like shirts/keychains and whatever else you can imagine
what you gather from that is going to be way more than what you get from views on a video

[Anonymous No.]

>>82465819
oh no homosisters KEK, well yagoo and cover are smart, they knew homos are irrelevant

[Anonymous No.]

>>82465784
NTA, but you remind me of the beggars that fall back on Yagoo whenever anything happens, like an end-all be-all.
>Are you the CEO? No? Then shut up about DA BOOOOIZ
As if that’s a hardline rule about criticism or something.

[Anonymous No.]

they should just dissolve holostars, no one will complain

[Anonymous No.]

Aqua left for this.

[Anonymous No.]

>>82465773
>>82465813
Here comes holocope. Your pathetic tears won't change this fact

[Anonymous No.]

>>82465819
kek

[Anonymous No.]

>>82465647
Its simple. Merch depends on brand recognition and popularity. A popular holo will rake in sales, but unpopular ones will be a bet negative. It's not a sustainable way of making money unless you're willing to let weaker talents go when they're not pulling their weight

[Anonymous No.]

>>82465577
It's pretty obvious that the virus is over and people start spending less time on watching streams, resulting in less superchats

Don't get distracted from Pekora and the top CCV chuubas. The decrease of views is apparent in streaming space in general, especially when the number of chuubas increase so fast in a limited space of viewers

So having revenue from merch is actually a good thing because it tells that there are people willing to buy their shit and spend money on them

[Anonymous No.]

>>82465899
Not true, a whole ten /FAGS/ posters will seethe on-cooldown /here/.

[Anonymous No.]

>>82465784
>doxx yourself, coward!

[Anonymous No.]

>>82464360
holo just cant stop winning

[Anonymous No.]

>>82465827
Show me those Cover positions you own brother. Or Anycolor puts, I'm not too picky.

[Anonymous No.]

>>82465608
actually grim.
Holostars is a bit of a litmus test. If anything goes wrong with them, then there's a chance the company's going more corporate and less talent focused.
If they don't show up on the Q2 report with their concert, then it's going to be concerning.

[Anonymous No.]

>>82466001
they barely spend money on them anyway so it won't matter

[Anonymous No.]

>>82465743
Traders are short-term focused. They don't care about companies, just about selling stock at higher price than they bought it the day prior.

[Anonymous No.]

>>82464926
What is it about Q1 that makes number go back down every year? Seems pretty consistent that Q1 is little number, Q2&3 are medium number, and Q4 is big number.

[Anonymous No.]

>>82466037
>a litmus test
The stars aren't that important. Calm down.

[Anonymous No.]

>>82465986
>It's pretty obvious that the virus is over and people start spending less time on watching streams, resulting in less superchats
are people who make these kinds of posts time traveling from 2021? who is still using covid era as a frame of reference?

[Anonymous No.]

mindshare status?

[Anonymous No.]

Welp....

[Anonymous No.]

>>82466113
Activities. Report is every 3 months.

[Anonymous No.]

>>82466113
Q4 is when HoloFes and bunch of big golden rush events happened

Q2-Q3 are some mid events but also somewhat major like Summer, Halloween, Christmas, New Year and others. HoloEN concert will also be in these quarters and maybe some new debuts

That leaves Q1 with basically nothing that big except when Cover decides to showcase big ones at that time. You can also think Q1 is the "taking easy and resting" after Q4 peak

[Anonymous No.]

>>82464360
My first impression is the numbers are healthy of course but wow they really invest /hired a lot this quarter.

Its the first time i have seen a minus sign in one of these reports.

Operating and Net profit is minus compared to Q1 2023 due to so much spending for hiring and expansion.

In terms of cost, this is their highest spending quarter based on SGA ratio

And they hired 61 people just last quarter ( compared to 17, 12 , 25, 46 in the previous quarters respectively). Up to 570 employees now. So it seems that Q1 is usually their largest hiring anyway which is the typical hiring season probably but this is the highest hiring since 2022

I thought after completing the studio , the expenses are gonna lower. But seems like the investment is still full steam ahead.

[Anonymous No.]

>>82466030
>start "all out war"
>LOST THE WAR
>"stop tribalwar, stop being a triballist"
KEK

[Anonymous No.]

>>82465608
I thought the boys were Yagoo's pet project

[Anonymous No.]

>>82466037
>Holostars
who? no holo fans care about stars gone and i'm not just talking about unicorn, but general holo fans dont give a fuck about them

[Anonymous No.]

>>82464360
soon the numbers will be even higher once cover expands to China and pursues American DEI initiatives

[Anonymous No.]

How much of a resource black hole is holoearth?

[Anonymous No.]

>>82466113
Q4 is when holofes happens and also encompasses Valentines. It's their highest earning quarter just from that alone

[Anonymous No.]

>>82466372
Didn't they say they will open Cover USA ? Probably most of them are for that

Also having more managers than talents can be a good thing so that talents don't have shortage of support, unlike other company who is in need of managers to handle their hundred organs

[Anonymous No.]

>>82466470
Obsession is treatable

[Anonymous No.]

>>82466480
It's not THAT bad. It works as a "huge project" to entice investors and if they manage to fulfill their purpose of making it a 3D virtual concert hall, it'll work out regardless of how FUCKED everything else about the game is.

[Anonymous No.]

Is this the first year that profit has decreased yoy? net margin is only 9%

[Anonymous No.]

>>82465608
does this mean the holostars project has no profit?

[Anonymous No.]

>>82466541
>it'll work out regardless of how FUCKED everything else about the game is.
People just watch the alpha build trailer and genuinely think it will stay that eay.

[Anonymous No.]

>>82466470
keep copium

[Anonymous No.]

>>82466589
Cover USA investment please understand

[Anonymous No.]

>>82464360
i'm disappointed they feature chink chonk streaming site.
FUCK CHINA

[Anonymous No.]

>>82464360
HIGHLIGHTS
>Revenue is up by 24.8% YoY, with them 44.8% of the way through their "First-Half" earnings Forecast.
>Gross and Marginal profit are up significantly, but most importantly Net Profit has gone down -0.2% YoY.
>The ratio between revenue and expenses spiked due to hiring employees (509 vs 570 comparing 2024 Q4 to 2025 Q1) and "expansion of content production capacities"
>General plans to expand in content, sales, and events.
>The TCG will go on sale in September (pre-orders are reportedly progressing well
>Streaming saw a 20% growth YoY, with Merchandising, Events and Licensing seeing between 40-60~% Increases.

Overall a pretty meh quarter which should be expected since it was a rather dry period. Cover has been technically making more money, the increase in expenses and therefore lack of increase in Net and Operating profit will definitely spook short term investors. I would not be surprised if we saw people selling out tomorrow.
Still, outside of a pure shareholder's mindset Cover for the most part is doing okay. If I had to guess from the increased expenses, they're using the down time to prepare for various things like the US base.

[Anonymous No.]

>>82466530
>>82466644
seethe more as cover further expands into the 2 biggest markets in the world and earns extremely high profits. holofans and shareholders alike will celebrate while antis like you will fall

[Anonymous No.]

>>82466589
does this mean it's time to cut down on the homo costs?

[Anonymous No.]

>>82466780
instead of hiring so many useless people give us personalized swimsuits and bikinis live2ds and 3Ds to every holo

[Anonymous No.]

>>82466807
I believe you need psychiatric help.

[Anonymous No.]

>>82466037
>Show up in Q2.
Anon... the Holostar concert was before the B2 one which was mentioned. The mentions of Q2 will be breaking the dimension, Azki's live and either the world tour or NYC

[Anonymous No.]

>>82466134
NTA, but the whole point is that everyone knows that the homos don't make as much money as the girls, so their continued existence is proof that Cover hasn't gone full profit-oriented like Anykara who doesn't have any trouble axing entire branches because they weren't profitable

[Anonymous No.]

>>82466733
take their money take revenge. nothing wrong with it

[Anonymous No.]

>>82466480
>>82466541
The real answer is in last quarter's results. 2.5 billion yen to date.

[Anonymous No.]

>>82466844
Susan (forma de whatever Prinkash’s name is) will not allow for anime sexo, only the fleshie kind.

[Anonymous No.]

>>82464510
fpbp

[Anonymous No.]

>>82466541
It'll only work out if they release it within the decade

[Anonymous No.]

>>82466888
ID would be the actual litmus test for Hololive.

[Anonymous No.]

>>82466941
It's already out anon

[Anonymous No.]

>>82466844
Unironically, a problem Cover has had since they built the studio was a lack of proper hands to man it.

[Anonymous No.]

>>82466979
You know what I mean

[Anonymous No.]

>>82466996
Yeah, their staffing for it is horribly inefficient. Might even explain why it’s so congested, ironically enough.

[Anonymous No.]

>>82466844
Suisei banned them.

[Anonymous No.]

>>82467085
Wtf I hate Suisex now

[Anonymous No.]

>>82466910
>>82467085
Susy can opt out because who the fuck wants to see that plank in a swimsuit

[Anonymous No.]

>>82466844
Danchou's tits

[Anonymous No.]

>>82467144
Me

[Anonymous No.]

>>82466958
All of ID1 has managed to buy a house dude.

[Anonymous No.]

>>82466892
game look pretty fking bad
https://www.youtube.com/watch?v=eYjxOCIbHB8

[Anonymous No.]

>>82465608
i honestly don't like the lingo they use here. it's really objectifying to the girls to ba called "living IPs"

[Anonymous No.]

>>82464360
can we all reduce this tribal shit this month. aqua is leaving, it's digusting me you guy till at it.

[Anonymous No.]

>>82467312
The show must go on

[Anonymous No.]

>>82467312
No I don't think I will

[Anonymous No.]

>>82467295
Post tits.

[Anonymous No.]

>>82467341

[Anonymous No.]

>>82464957
>>82465784
>Surely you are making big gains from owning Cover stock
Yeah, haha
I did make some profit swing trading anycolor

[Anonymous No.]

>>82465608
They really love subs don't they

[Anonymous No.]

>>82467249
with all the talented people making games nowadays it is genuinely impressive that they seem to have made a game that is below 5/10

[Anonymous No.]

>>82465608
Imagine how prosperous HoloEN now without those cancers

[Anonymous No.]

>>82466933
NIJISEETHE

[Anonymous No.]

-15%
It's over.

[Anonymous No.]

>>82467380
Those are some nice juicy tits right there

[Anonymous No.]

>>82467383
It's a consistent metric that doesn't fluctuate outside of extreme circumstances so yeah

[Anonymous No.]

>>82467421
Oh nyo, a noomber no one cares about.

[Anonymous No.]

>EU pandering
>only one streams during EU prime time

>but muh ERB
doesnt exist, 3/3 gen

[Anonymous No.]

>>82467312
Least obvious nijinig

[Anonymous No.]

>>82467394
I still have no idea what they are even trying to build. A Hoyo-like gacha? Ark but with Holos instead of dinosaurs? A UE5 tech demo?
I genuinely don't know and with everything shown so far, the guys making it seem to have no idea either.

[Anonymous No.]

>>82464775
>>82464806
Do you not realize how much of an own goal this is? They're intentionally hiding that holostars are not making any profit while still keeping them around.

[Anonymous No.]

>>82464360
>570 employees.
>hired 60 in the past 3 months
holy shit

[Anonymous No.]

>>82467566
Maybe it's part of a plan to siphon money out of the company

[Anonymous No.]

>>82464360
>993mm yen/89 talents (FWMC counted as 1 person since Mococo works for free)
>$76.4k per talent per quarter using current exchange rates
and that's before accounting for Q1 historically having the lowest cost of sales (i.e. including talent remuneration) and for the fact that homos drag that average down. In one of the previous reports they had a page that said the top 20 talents are paid ~40% of the total remuneration, so continuing that trend we get
>40% (of total talent remuneration) for the top 20
>24% for the top 21-40
>14% for the top 41-60
There are 66 girls right now, so around 80-85% of total remuneration ends up in their pockets assuming all or most of the girls make more than all or most of the homos.

I don't really give a shit about the other noombers, but getting a rough idea of how much money the talents are making is always interesting.

[Anonymous No.]

>>82467618
Cover USA opened in April

[Anonymous No.]

>>82467549
i don't think they know either. they probably just had an idea of making a "metaverse" where holos and fans can coexist, but they don't know how to execute it.

[Anonymous No.]

>>82465062
HoloID members don’t matter; none of them were involved. They deserved to be part of Holostars.

[Anonymous No.]

>>82467421
It's typical short term trader mentality. Small profit = bad. Anycolor also had their stock tanked because of disastrous Q3. It will bounce back in the future if Cover succeeds Q2 just like how Anycolor suddenly hit the green ceiling after successful Q4

[Anonymous No.]

>>82467618
It is the season to hire new grads from university, they graduate from uni in march iirc

[Anonymous No.]

>>82467673
Kaela is better than all your nijivermin combined

[Anonymous No.]

>>82467673
NIJISEETHE

[Anonymous No.]

>>82467634

sry wrong reply
>>82467549

[Anonymous No.]

>>82467673
AIEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE NIJIBROS DON'T LOOK

[Anonymous No.]

>>82467566
Gamma was just terminated bro, they are onto something

[Anonymous No.]

>>82467761
Gamma is still on the official holostars page despite being terminated for 2 weeks already. Mel was removed after a couple days. The favoritism is clear

[Anonymous No.]

>>82467761
Call me when the whole branch is terminated. Until then you're just coping.

[Anonymous No.]

>>82467701
>>82467711
>>82467740
Ah, the Nijiseethe you are, lmao, with all your excuses trying to dodge responsibility. Why even bother with NijiEN? I don’t care if they’re living rent-free in your head; just move the fuck on. Gura, Pekora, and Suisei were there, so where the fuck are HoloStars and HoloID? If you’re making stuff up, you’re just blind but refuse to admit it.

[Anonymous No.]

>>82467514
niji is dead alr, idk if you really believe it or just lie to yourself. there is no nijifag here anymore. niji is fking dead in EN alr. go to /jp/ to find nijifag. it's not that it's hurt, it just make me feel extremely empty, like watch a super sad anime ending. idk why but when i heard the news, i have a feeling i want to wake up early tomorrow and go for a run.

[Anonymous No.]

>>82466851
NIJISEETHE

[Anonymous No.]

>>82467383
It's why Myth keeps getting the most things year after year

[Anonymous No.]

>>82464360
>slides full of EN achievemenets
>next to to mention of JP
What's going on with JP?

[Anonymous No.]

>>82464926
>Q4 1,488

[Anonymous No.]

>>82468707
>Cici recently debuted
What the FUCK did they mean by this?

[Anonymous No.]

>>82468603
JP achievements don't attract foreign investors.

[Anonymous No.]

>>82468798
Rikubros...

[Anonymous No.]

>>82464775
lmao they dont even mention the homos 5th anni concert. can't even imagine how much of a fucking flop that was.

[Anonymous No.]

>>82464926
>DON'T THINK, JUST CONSUME PRODUCT

[Anonymous No.]

>>82467740
What kind of idiot are you? Why the hell would you add Hex to make HoloID look even worse? You’re a fucking retard for not even realizing your mistake.

[Anonymous No.]

>>82468861
anon? That's not part of Q2.

[Anonymous No.]

>>82468861
Anon, that's not Q1. It's Q2.

[Anonymous No.]

>>82468910
The guy that just fucking asked to leave has a gain in viewership? Shocking.

[Anonymous No.]

>>82468798
What does this have to do with foreign investors? This document is just a translation of something that was originally written in Japanese.
Why are Cover not talking about JP? Are they a flop now? Something is wrong.

[Anonymous No.]

>>82468950
anon... wasn't that before the bilibili concert, which was included in Q1?

[Anonymous No.]

>>82468918
The homo concert happened between the events in >>82466201 yet it wasnt even mentioned

[Anonymous No.]

>>82468078
HUEHUEHUE NIJISEETHE NIJICOPE NIJILOSE

[Anonymous No.]

>aqua gone
>bad results

fuck

[Anonymous No.]

>>82468122
Nijinigs have already abandoned NijiEN, they are Holo "fans" now
you can see from the influx of anti-unicorn threads over the past month, they're trying to convert HoloEN into another NijiEN

[Anonymous No.]

>>82469115
Hope you fucking enjoy being Cuckwa, NijiSeethe, Nijikek, NijiBully, Nijiwhore, and Nijibeggar you are.

[Anonymous No.]

>>82468078
Ah I love the smell of nijiseethe in the morning

[Anonymous No.]

>>82468861
all of this happened and Myth hasn't got one yet, and some people dare to say about "Gura favoritism"

[Anonymous No.]

>>82468863
This but unironically

[Anonymous No.]

>>82465608
AIEEEEEE homosister need to furiously email them and force them to publish all holostar profit report, that will show those anti that said they are useless.

[Anonymous No.]

>>82468910
>graduation stream
>can't beat holoID
LOLOLOLOLOLOLOLOLOLOL

[Anonymous No.]

>>82465899
True, nobody even complain the lack of homostar or in this case, 0 mention in the report.

[Anonymous No.]

>>82469171
opps

[Anonymous No.]

>>82469386
Typical ignorant ran out of excuses. Don’t forget the facts; no HoloID and HoloStars were involved in the baseball game. Your Kobo got ignored, fucking lol, lmao even.

[Anonymous No.]

>>82469556
where's the nijiEN concert?
Enjoy the sinking ship lmao even indogs are better

[Anonymous No.]

>>82469752
NijiEN? Where's ChroNoir?
Weren't they Nijisanji's best? Where's their overseas concert?

[Anonymous No.]

>>82467199
the cost of living in ID is like .3% than that of US tbf.

[Anonymous No.]

>>82467740
>>82469425
>>82469752
Well, you showed me that image to begin with. Why the hell are you even laughing at yourself, you idiot? When did I ever defend NijiEN? It seems like you know more about NijiEN than I do. Something about this is kinda suspicious. You’re just a lazy typo away from being completely ignorant. Get your act together.

[Anonymous No.]

>>82469349
Embarrassing youself is your pastime

[Anonymous No.]

>>82469171
it will recover since Aqua's graduation is (mostly) on good terms and she will receive a glorious sendoff, which is good enough for many fans.
If it was something like a Termination however Cover would've been in deep shit.

[Anonymous No.]

>>82467812
They just haven't bothered because everybody forgot who that was already. Nobody at cover even remembers the url for the Holostars page.

[Anonymous No.]

>>82469215
>they're trying to convert HoloEN into another NijiEN
with how few and shattered they are? Attempting to do that in the unicorn/CGDCT home turf, Hololive? Hah. Good fucking luck with that lmao.

[Anonymous No.]

>>82469960
Funny that sounds just like what a seething nijinigger would say

[Anonymous No.]

>>82470375
>Aqua's graduation is (mostly) on good terms and she will receive a glorious sendoff
This is completely irrelevant to investors. Cover is burying a big IP and the context doesn't matter.

[Anonymous No.]

>>82470366
Can you explain it? If your girlfriend slept with other guys you don’t know, and her thing is almost falling apart, no matter how attractive she is, you ignore her past. The twist is she ends up giving birth to a child that isn’t yours, based on the situation. Talk as if I forgive her. Many such cases happen.

[Anonymous No.]

>>82468994
Cover is opening up CoverUSA.
HoloEN will be the highlights for the next few financial reports.

[Anonymous No.]

>>82470597
If you’re trying to make NijiEN relevant again by bringing them up, why are you even mentioning them in the first place? Maybe focus on something more meaningful instead of just making excuses.

[Anonymous No.]

>>82470992
It’s only an office to assist with merch in the region, though.

[Anonymous No.]

>>82471140
>seething over getting beaten by indochads
LOLOLOLOLOLOLOLOLOLOL

[Anonymous No.]

>>82470793
This, so many people here underestimate aqua fame in japan. If i remembered right, in some poll in japan about fav vtuber when salome in her peak, she still top 2 and aqua top 1. This is the biggest grad of cover, not even coco can compare to this

[Anonymous No.]

>>82467812
It mean they can't afford to have people carring about the homo anymore tik tak sister, male Vtuber are dying left and right it's time to get back in the kitchen bitches.

[Anonymous No.]

>>82470793
Yagoo can spin it that they need to increase talent renumeration to better keep their talent. He can even site that a rival company experience more graduation due to lower talent renumeration. And Cover's high talent renumeration although not perfect is very effective in keeping talents.

[Anonymous No.]

>>82464360
DORYAAAAAAAAAAAAAAAAA

[Anonymous No.]

>>82471356
It seems like you can’t argue about anything effectively. It’s as if you don’t understand what I’m talking about, or maybe you have trouble typing properly. All I see is a bunch of typos and NijiEN hate. You don’t care or don’t even know if Hololive is affected by any issues, and it looks like you’re kind of ignoring problems within your own circle.

[Anonymous No.]

>>82473352
>reading nijiseethe
ISHYGDDT

[Anonymous No.]

>>82473401
Why is IDfag using a HoloEN image?

[Anonymous No.]

>>82473506
Because NIJISEETHE

[Anonymous No.]

>>82467549
>A UE5 tech demo
its made in unity which means its dead from the start

[Anonymous No.]

>>82473591
oh i can bankrupt cover just by installing it over and over again

[Anonymous No.]

>>82473524
Haha, gotcha! It looks like you, an Indog, got called out and don’t have a counterargument. Can you explain why HoloID couldn’t survive based on numbers? And if you’re going to bring up NijiEN, how much effort have you actually put into researching it, despite pretending to hate it?

[Anonymous No.]

>>82464360
>still hiding individual branch revenue
i sleep

[Anonymous No.]

>>82473591
Unity is better than proprietary engine.
>>82473939
They rolled it back.

[Anonymous No.]

>>82470793
this happened when Rushia got fired as well, investors kept wanting to know if they were gonna reuse the IP for merch or recast

[Anonymous No.]

>>82474051
Sorry what was that, I can't hear you over the NIJISEETHE

[Anonymous No.]

>>82464360
so new gen when? Q3 / 2025?

[Anonymous No.]

>>82474491
There were no investors when Rushia got fired. Cover went public only a few months after that but you're right about them asking if they can keep using the Rushia IP as soon as they got in.

[Anonymous No.]

>>82471273
merch, logistics, sponsors and collabs
So its actually very important for investors.

[Anonymous No.]

>>82467549
>UE5
Uropa Euniversalis 5? Why would they do that? Is there such a market overlap?

[Anonymous No.]

>>82465608
>>82465819
I actually checked, and there's really no mention of holostars, tempus, armis, etc. at ALL in the report.
Not even as some easter egg in some holomeet photo like they did in the last quarter's report.

And yet they keep talking about holoearth despite it being a profit-less moneysink, while the homos technically do make a profit (taking into account generous amortization of capital costs like the studio).
This really shows that Cover has no confidence in the growth prospects of the homos.

Right now it's not a big concern since Cover still makes a good amount of profit, but if that's ever at risk of going negative, they're probably the first thing Cover's going to be looking at for cutting costs. Not holoearth since that project seems to be even more of a sacred cow than the homos.
Perhaps not outright laying holostars off or anything, but things like reduced support, laying off managers, less studio time, etc.

[Anonymous No.]

>>82476812
There's no mention of Regloss or JP either.

[Anonymous No.]

>>82476981
Or ID

[Anonymous No.]

>>82469828
It was no longer feasible, okay?

[Anonymous No.]

>>82467740
HOLY SHIT LMAO no wonder that KWAB KEX HAYWIRE QUIT KEK

[Anonymous No.]

>>82464510
fpbp

[Anonymous No.]

>>82476981
EN is definitely takes center stage in this report, but there's several prominent mentions of JP and ID.
Kobo for ex is in B2 concert, Marine III, world tour, "streaming/content" section with the top-subbed talents
Suisei is shown in just as many places, and she's hardly the only JP shown.
Regloss gets last quarter's holostar treatment, only showing once in a holoindie photo.

[Anonymous No.]

>>82473005
Sportify!

[Anonymous No.]

>>82476812
Holoearth does make a profit, the emotes and cosmetics are already raking in the cash

[Anonymous No.]

>>82478447
They make revenue. I doubt they're making a profit yet considering the costs >>82466892

[Anonymous No.]

>>82464552
>>82467417

[Anonymous No.]

>>82478695
I shall have a party for each member of Luxiem that graduates.

[Anonymous No.]

>>82477534
Cover has been getting hounded by investors for regloss and being an apparent failure so they try to hide them as well.
>>82476812
During the investor meeting a month or so ago they got asked a couple of questions that included the homos and Cover answered the Holo portion of the questions and didn’t answer the homo portion.

[Anonymous No.]

>>82478695
NIJINIGGERS AND MAKING POSTS THAT AGE LIKE MILK NAME A MORE ICONIC DUO

[Anonymous No.]

>>82466195
How the fuck did this corny ass photoshop cat thing get that many likes? Its not even special Gura fan art there is way better

[Anonymous No.]

>>82467383
subs are the reason most YouTubers can get sponsorships. all CCV shows is how loyal a vtubers fanbase is, but sponsors care about how many people's eyes their products can reach and thats where subs come in.

[Anonymous No.]

>>82476779
>Map painting games are for autistic people
>Average vtuber fan is autistic
>Vtuber faction mods exist for almost any autism sim game
Seems reasonable to me.

[Anonymous No.]

>>82476812
Matches up with Astel in the past telling fans to support them or else things would change for the worse, Holostars probably on thin ice

[Anonymous No.]

>>82466480
>How much of a resource black hole is holoearth?
The official claim was 2.5 billion yen though in the last year Cover has added 100 more employees so the real cost is likely far higher. While unicorns complain about Holostars there is every indication that HoloEarth now is taking up far more resources.

[Anonymous No.]

>>82464360
Oh, can't wait to see.

[Anonymous No.]

>>82466605
severely in the red after their massive concert that one one watched

[Anonymous No.]

>>82465115
At least you're not retarded AND poor like me.

[Anonymous No.]

>>82467638
thanks for that

[Anonymous No.]

>>82465608
Blame the unicorns

[Anonymous No.]

>>82467249
I think the thing that frustrates me about HoloEarth is I got at first they wanted to have like a social media platform with a built in virtual shop for concerts. That makes sense since they could essentially have a controlled environment under their own guidelines as they build their media platform to inevitably not depend on Youtube.

And then it became a survival game. And they lost me.

I honestly wonder how many SP games with more focus off any of the holomems woulda been. You could make an Amelia Watson investigation game, a beat em up with the fantasy gen, anything with easier mechanics to implement and more importantly avoiding the high cost of whatever this game is trying to be. It very easily looks like it escaped scope creep at some point. Just feels like a sinking hole to me.

[Anonymous No.]

>>82490014
They realised that HoloEarth was gonna flop hard so tried to salvage it into a shitty MMO.

[Anonymous No.]

>>82490014
other way around
The concerts were tacked on to the MMO

[Anonymous No.]

>>82490071
>>82490825
Consider me genuinely baffled at the opportunities lost because of this thing, then.

[Anonymous No.]

>>82490014
It actually makes sense, in theory.
What do nearly all Holos play? Stuff like Minecraft and Ark.
Well, now Cover can say "Hey, we have something like that!" So all the Holos could play that instead.
However, they made one fatal slip - the game is shit, and nobody wants to look at it, let alone play it.
It's like they saw the "We have ____ at home" meme and didn't realize it wasn't advice.

[Anonymous No.]

bump

[Anonymous No.]

>>82466113
Holofes, Valentine’s Day, and I don’t know how applicable this is to JP and ID, but a large chunk of EN has their birthdays in Q4.

[Anonymous No.]

>>82465577
Graduations make people buy less merch of the other talents as it makes everyone feel unsafe.

[Anonymous No.]

>>82467812
They kept Mel up for like a month

[Anonymous No.]

>>82465608

[Anonymous No.]

>>82488691
Blame the homos for being failures despite siphoning money from the successful girls and getting immense amounts of preferential treatment, resources and money poured into pushing them. If they're so worthless they're still not even worth mentioning in financial reports then it's a useless and pointless branch.

[Anonymous No.]

>>82499111
well said

[Anonymous No.]

>>82464581
>when you start reading financial reports to support your console war shit
I actually own Cover stock anon, this is a must read for me

[Anonymous No.]

There is more to life than internet numbers anon

[Anonymous No.]

>>82466480
As much as it needs to keep the majority of workers in cover busy

[Anonymous No.]

>>82465784
>Surely you are making big gains from owning Cover stock
Cover doesn't pay dividends anon, neither does Anycolor.

[Anonymous No.]

>>82464360

[Anonymous No.]

>>82464775
they never mention the homoshitters in these. they're Yagoos special toys

[Anonymous No.]

Holo earth is an extremely cynical cashgrab made by people too retarded to actually pull it off

[Anonymous No.]

>>82467144
Tasteless Fag.

[Anonymous No.]

>>82505988
The biggest problem is talent, the spending would have to be in the stratosphere in order to have competent programmers help Cover pull it off. When Cover can't even outdo Fortnite for concerts at this time, it's fucking grim as a sign for the entire project. They really didn't need to get this greedy, they could've just rebranded as a non-tech company but obviously, that doesn't get you tech unicorn funding.

[Anonymous No.]

>>82506257
Maybe hiring several hundred people who seemingly do zero work was a mistake, could have used that budget to just hire some random jungle asian programmers who might actually understand computers.

[Anonymous No.]

>>82506257
I don't understand why they'd invest in a game development division to begin with instead of subcontracting to an existing company that could actually pull it off. Or at least started with something smaller and more manageable before trying to jump into a huge project like this as their first release. They're just flushing money down the toilet.

[Anonymous No.]

>>82465819
C-council?

[Anonymous No.]

>>82506592
Arrogance
Think holofans will pay for it no matter how shit it turns out
Actually buying into their own tech company branding bullshit
Somehow niji is at fault

Any of these really

[Anonymous No.]

>>82506592
>I don't understand why they'd invest in a game development division to begin with
well, technically, cover was a vr/ar game development company to begin with (they made the hololy app and a janky vr ping-pong thing). the whole vtubing thing was just a side hustle that became bigger than their main business.

[Anonymous No.]

spoRtify

[Anonymous No.]

dog wives on the telly!

[Anonymous No.]

>>82508015
>Bilibili Macro Link/ Bilibili World
Wait what did i miss
I thought no more china

[Anonymous No.]

>>82464360
Will gura stream more now that she made a killing

[Anonymous No.]

>>82508277
China begged Cover and some talents agreed to show up there out of pity.

[Anonymous No.]

>>82510470
Does this mean i can get a suisei arknights skin or something soon

[Anonymous No.]

>>82510657
I wouldn't bet on soon but who knows, maybe in 2026.

[Anonymous No.]

>>82510759
Cool

[Anonymous No.]

>>82510657
I mean, Foobs' arknights outfit is updated just yesterday.

[Anonymous No.]

>>82507947
spell check doesn't exist in adobe acrobat, plz undastand

[Anonymous No.]

>>82465819
fix'd

[Anonymous No.]

>>82512958
Who?

[Anonymous No.]

-10% grimmm

[Anonymous No.]

>>82479515
I don't get this either. Twittertards are weird.

[Anonymous No.]

>>82506257
HoloEarth was in a early development stage where they we just figure out what they actually want HoloEarth will actually look like. There is no point in hiring lots of developers and programmers at that stage. They will expand the number of employees, working on HoloEarth from there.
>They really didn't need to get this greedy, they could've just rebranded as a non-tech company but obviously, that doesn't get you tech unicorn funding.
Talk like a retard. Is not greed, is the ability to see ahead that they have. They want to own a distribution platform for content, so they don't depend on others and their bullshit. Just look at how sanitized Hololive had to become in the past year just due to YouTube autism. How many times were Hololive members hit with demonetizations in the 2020-2021 period? Add to that copyright strikes too. Cullings of subs. And so on. Holosumer got PG and standard, because fucking YouTube didn't like it. ASMR was killed, and killed Choco's and Mel's momentum. Even outside Youtube there are problems. Have you forgot when they had to give away a concert for free after the streaming platform couldn't deal with the amount of viewers? VRChat isn't safe of autism either. It's a pretty stupid idea to build a multi-billion dollars media empire on a platform you have no control off and that can hit you with arbitrary rules at any time. HoloEarth is supposed to be Cover's safe heaven, and they probably see even further than that - a platform for future vtubers in general.

[Anonymous No.]

>>82506592
>I don't understand why they'd invest in a game development division to begin with instead of subcontracting to an existing company that could actually pull it off.
Outsourcing it would be rather stupid. They are building a metaverse not a game. They are figuring out what their metaverse wants to be, while most are trying to figure out what the Metaverse is. Outsourcing something so personal and ambiguous is a recipe for a money hole.
>Or at least started with something smaller and more manageable before trying to jump into a huge project like this as their first release.
It started small already. Is been developed in the early stage by like 2 dozen peoples, and are increasing the personnel as the project expands. Moreover, taking It slow and waiting is stupid, if they don't do it, someone else will, and then is going to be to late. Is not like they are even the only ones building a metaverse in the vtubing space. BraveGroup is also working on one.
> They're just flushing money down the toilet.
I am sure many feelt that they are doing the exact thing when they entered the vtuber market and started Hololive. Yagoo himself said in an interview, that all his friends and peoples he knew told him it was a stupid idea and he is making a huge mistake, and look where we are. And unlike then, now they have plenty of money to take risks.

[Anonymous No.]

>>82466113
Because nothing really happens in Q1 and Q2. All their money maker events are in Q3 and Q4 especially.

[Anonymous No.]

>>82465577
What the fuck are you talking about. Merch is the core of any media-related business. You think Pokemon is worth 72 billion dollars, because peoples watch the anime, or buy the janky games? No, is because they buy a shit ton on merch.
The esports comparison is worthless because the T-shirts or plastic bottles of some esport team, has no worth outside of it's immediate audience. So, if the fans don't watch it, or lose interest in the team or in esports, merch is not sold. Were an anime girl has universal appeal. Cover is in the IP creation business, so merch makes most sense as the core of their business. Anime girls are marketable. Peoples don't even need to know the product. A nice looking anime figurine, or funny shrimp plushie would attract anyone. Someone licenses a Hololive member and makes it a special character in their game, like SAO did with Aqua? Is great, because the peoples who play the game don't need to know who Aqua is, they will just collect the character because is part of the game's content. Meanwhile Aqua's fans, will give the game a shoot only because of her, and the game company gets new eyes on their game. That's how you make money.

[Anonymous No.]

>>82490014
Is because is a metaverse you dimwit. Have you ever played club penguin? Or tried the Meta thing Zukenberg tried to make? They were both social hubs with chat and everything. But they also had minigames.
HoloEarth is no different. Is not a survival game. Is a social hub, that also has a survival game in it. And down the road, it can have a shooter too, and a racing game, and all sort of stuff. That's how a metaverse is supposed to be. Is not a self-containing game or universe, is a platform for virtual content.

[Anonymous No.]

>Numbers down
>Despite the recovery of the asian markets following the sell-off, the stock is still tanking
>Talents demoralized and massively overworked
>Aqua was clearly going to be overworked and decided to walk away
I will see Hololive die in my lifetime. I'm so happy.

[Anonymous No.]

>>82523201
Where are the numbers down again?

[Anonymous No.]

>>82523201
>noombers down
Oh look, it’s retarded.

[Anonymous No.]

HoloEarth will be a success. Just the concerts alone will guarantee it. Add the Brand and it may be a major success.
The financial report says 10% is invested in it. Less than thought for the unrivaled potential for vtubers.

[Anonymous No.]

>>82523467
Honestly, I thought it was eating up like 30% at minimum, so I’m glad. Even if it somehow does manage to fail, at least that’s not as world-ending as I thought previously.

[Anonymous No.]

>>82523179
>HoloEarth is no different. Is not a survival game. Is a social hub, that also has a survival game in it. And down the road, it can have a shooter too, and a racing game, and all sort of stuff. That's how a metaverse is supposed to be. Is not a self-containing game or universe, is a platform for virtual content.
Just having that hub adds limitless potential to whatever comes to mind to add in the future.

[Anonymous No.]

>>82490014
>he didn't play HoloEarth with his oshi
>he didn't defend his oshi alongside other fans vs raid boss wolves
>he didn't build a nice house for everyone to take a picture together

[Anonymous No.]

>>82518978
you mean nips?

[Anonymous No.]

>>82523179
Do you have any idea of how hard that is to actually achieve

[Anonymous No.]

>>82524228
>Do you have any idea of how hard that is to actually achieve
It is hard, unless already have a fanbase prior to it.
The biggest hurdle for FB's Meta was requiring a Quest. And no cute anime avatars killed it.

[Anonymous No.]

>>82523467
really?? gameplay look so badd
https://www.youtube.com/watch?v=1fa26A8-RHQ

[Anonymous No.]

>>82524864
this game looklike cheap knockoff blue protocol

[Anonymous No.]

>>82524864
What game allows you to meet your oshi?

[Anonymous No.]

>>82468603
Enfags still a delusional joke it seems
Jp achievements dont need to be shilled, everyone knows they have the most watched female streamer

[Anonymous No.]

>>82527728
AND OTHER HILARIOUS JOKES JPFAGS ACTUALLY BELIEVE

[Anonymous No.]

>>82524864
Whats the gacha of this game?

[Anonymous No.]

>>82525351
not holoearth

[Anonymous No.]

>>82525351
South Park: Snow Day

[Anonymous No.]

>>82470375
>good enough for many fans
it's not good enough for many fans. A lot of old fans wants Aqua to not graduate instead.

[Anonymous No.]

>>82465440
Seriously where did this investor shit come from? This is literally only on tv yet it’s spoken as fact. Unless they’re trying to take your company no investor gets involved. In fact 70-80% of investors are people paying other people to invest in companies for them. Next you aren’t taking out of their pocket you’re taking it out of yours because if they pull out you lost money and they just minimized risks. Lastly there is no long term goal they only survive off of their fans being obsessed with them and then sunk costs. Hololive is a big brand but nobody can replace the top names.

[Anonymous No.]

>>82532303
Then go convince her to stay.

[Anonymous No.]

>>82465743
You’re talking three completely different and separate topics.
Traders are people making money off of trading as many stocks as possible. They don’t care about anything.
Investors are those that put money in hoping for a return. They only mildly care about the company because it might hurt them.
Shareholders are people that buy shares both to support and make a return. These go both ways.
And to answer your very confusingly written questions “because.” That’s the reasoning the same reasoning people here use to say “everything my company does just makes sense.” If they think it was a bad idea, and it arguably was then they bet against it. The money they paid the dodgers could’ve went towards a huge standard marketing campaign, setting up a free to watch concert on all platforms while paying to have it brought to the front of the page, or paid to sing the upcoming animes. The dodgers are a big deal, but Hololive is almost entirely digital paying for something that would be seen by the least amount of people is dumb

[Anonymous No.]

>>82533038
I know you're being obtuse here but all the talk of Aqua being one of the most important member of Hololive in the eyes of the old fans is not a lie. She represents the "good old days" of Hololive when they're just having fun pranking each other in Minecraft. Losing that is extremely devastating to us.

[Anonymous No.]

>>82523179
and as always this get ignore.

[Anonymous No.]

>>82506257
invest for future, long term vision is greedy.

[Anonymous No.]

>>82524228
loser mindset, don't do it because it's hard even though it 100% possible and multiple people are trying to do it.