>>43404792>>43405305See also picrel
SCs + membership + ad revenue + music (¥5.2m) collectively is less than 40% of their total revenue (¥13.7m)
and it's pretty likely that SC revenue (some % of ¥5.2m) is significantly less than merchandise revenue (¥4.8m)
In theory, you could add up all the recorded SCs from playboard/hololyzer for the fiscal year, increase by some amount to estimate SCs from members-only streams (say +10%), multiply by 35% for Cover's supposed cut to estimate the actual SC revenue
On the other hand, I'm pretty sure this category of their revenue (plus maybe licensing?) has higher profit margins (probably close to pure profit) than events and merchandising
