World Cup rights take Abema to big quarterly loss, but wider deal impact hailed

Maya Yoshida of Japan celebrates the 2-1 victory at the end of the Fifa World Cup Qatar 2022 Group E match against Spain (by Etsuo Hara/Getty Images)
Maya Yoshida of Japan celebrates the 2-1 victory at the end of the Fifa World Cup Qatar 2022 Group E match against Spain (by Etsuo Hara/Getty Images)

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.

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