/vt/ - Virtual YouTubers » Thread #109397680

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Cover's Q3 financial report is out

Anonymous Thu 12 Feb 2026 09:31:58 No.109397680 View View Reply Original Report

Quoted By: >>109397727 >>109397777 >>109397802 >>109397957 >>109398210 >>109400575 >>109400667 >>109400845 >>109401890 >>109423099

https://contents.xj-storage.jp/xcontents/AS05169/3dc5c23b/fed8/4e1b/8390/7c71f67690ab/20260212151413733s.pdf

Anonymous

Anonymous Thu 12 Feb 2026 09:35:15 No.109397727 Report

Quoted By: >>109397953 >>109411669

>>109397680
Well everything looks good.

Anonymous

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Anonymous Thu 12 Feb 2026 09:39:12 No.109397777 Report

Quoted By:

>>109397680
Myess, these numbers definitely look like numbers.

Anonymous

Anonymous Thu 12 Feb 2026 09:39:29 No.109397780 Report

Quoted By:

This ""vtuber content"" really should be limited to the #browns dedicated shitting thread or /biz/

Anonymous

Anonymous Thu 12 Feb 2026 09:41:47 No.109397802 Report

Quoted By:

>>109397680
Numbers go up
Life is good

Anonymous

Anonymous Thu 12 Feb 2026 09:42:36 No.109397811 Report

Quoted By: >>109397884 >>109397913 >>109398111

did they stop showing holoen data separately?

Anonymous

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Anonymous Thu 12 Feb 2026 09:46:36 No.109397868 Report

Quoted By:

>Licensing/Collaborations
>2025Q2 - 1480
>2026Q2 - 2062 (+39%)
THANK YOU COCA COLA

Anonymous

Anonymous Thu 12 Feb 2026 09:47:38 No.109397884 Report

Quoted By:

>>109397811
NijiEN is next month

Anonymous

Anonymous Thu 12 Feb 2026 09:49:27 No.109397913 Report

Quoted By:

>>109397811
They never did.
iirc they always showed domestic and foreign sales rather than holoen/holojp/holoid etc.

Anonymous

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Anonymous Thu 12 Feb 2026 09:50:39 No.109397931 Report

Quoted By: >>109397976 >>109398034 >>109398508

TLDR

Anonymous

Anonymous Thu 12 Feb 2026 09:52:18 No.109397953 Report

Quoted By:

>>109397727
Did you say "sell sell sell"????
AIEEEEEEEEEE

Anonymous

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Anonymous Thu 12 Feb 2026 09:52:30 No.109397957 Report

Quoted By:

>>109397680

Anonymous

Anonymous Thu 12 Feb 2026 09:54:31 No.109397976 Report

Quoted By: >>109398018 >>109398568 >>109398614

>>109397931
>Every important metric is going down
Holover

Anonymous

Anonymous Thu 12 Feb 2026 09:58:51 No.109398018 Report

Quoted By: >>109400598

>>109397976
>every important metric
>only 1
>can't read the numbers
retard

Anonymous

Anonymous Thu 12 Feb 2026 10:00:38 No.109398034 Report

Quoted By: >>109398053

>>109397931
>Streaming/Content
>+0.0%
That seems REALLY unlikely
Did they just fudge the numbers or something? It should either be higher or lower there's no way they earned the exact same amount from supas and members this year as last year across the entire company

Anonymous

Anonymous Thu 12 Feb 2026 10:02:31 No.109398053 Report

Quoted By:

>>109398034
It's rounded to the nearest million anon

Anonymous

Anonymous Thu 12 Feb 2026 10:07:19 No.109398111 Report

Quoted By:

>>109397811
They never did, though

Anonymous

Anonymous Thu 12 Feb 2026 10:16:31 No.109398202 Report

Quoted By: >>109398242

Biboo raided reine

Anonymous

Anonymous Thu 12 Feb 2026 10:17:04 No.109398210 Report

Quoted By: >>109398226

>>109397680
Line goes up and to the right

Anonymous

Anonymous Thu 12 Feb 2026 10:18:40 No.109398226 Report

Quoted By:

>>109398210
Vshojo is what happens when line doesn't go up

Anonymous

Anonymous Thu 12 Feb 2026 10:20:05 No.109398242 Report

Quoted By:

>>109398202
Reine should breastfeed Biboo next time they met

Anonymous

Anonymous Thu 12 Feb 2026 10:52:52 No.109398508 Report

Quoted By: >>109398546 >>109398563 >>109398598 >>109398614 >>109403362

>>109397931
>revenue YoY +9%
It doesn't look good

Anonymous

Anonymous Thu 12 Feb 2026 10:55:58 No.109398546 Report

Quoted By:

>>109398508
>NO GURA NO B-ACK

Anonymous

Anonymous Thu 12 Feb 2026 10:57:46 No.109398563 Report

Quoted By: >>109398699

>>109398508
Why? They don't pay out dividends and most of the stock is bound around people from the company, that seems fine?
This would be bad for Anycolor, since investors actually want dividends from them, but that's not the case here.

Anonymous

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Anonymous Thu 12 Feb 2026 10:58:31 No.109398568 Report

Quoted By: >>109398614 >>109401971 >>109433035

>>109397976
>idol company
>all business numbers up
>music/concerts numbers down
GRIM

Anonymous

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Anonymous Thu 12 Feb 2026 11:01:34 No.109398598 Report

Quoted By:

>>109398508
+9% while losing several big names from both EN and JP and having zero new debuts.

Anonymous

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Anonymous Thu 12 Feb 2026 11:03:14 No.109398614 Report

Quoted By: >>109400885

>>109398508
>>109398568
>>109397976
>NO GURA NO BUY
>HERE'S HOW THE INDIE KEKVENGERS CAN STILL WIN
>2 MORE WEEKS UNTIL HOLOLIVE DIES
Feed me more delicious cope.

Anonymous

Anonymous Thu 12 Feb 2026 11:12:09 No.109398699 Report

Quoted By: >>109398711 >>109398820

>>109398563
they are selling cover as growth stock but the sale can't even reach double digit, they claimed they used all of their budget to reinvest into the company for grown, but the sale is actually slow down, it is bad

Anonymous

Anonymous Thu 12 Feb 2026 11:13:39 No.109398711 Report

Quoted By: >>109398750

>>109398699
And yet they still won't pay dividends
They're fine.
We can start worrying the day they give up on investing and start paying dividends like Niji did after the selen shock

Anonymous

Anonymous Thu 12 Feb 2026 11:18:04 No.109398750 Report

Quoted By: >>109398762

>>109398711
>selen shock
Minimal impact on an already insignificant part of the company. The only shock was when the rope broke and her fat Chinese ass hit the ground.

Anonymous

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Anonymous Thu 12 Feb 2026 11:20:02 No.109398762 Report

Quoted By: >>109398820

>>109398750
It's always funny to see the last few dregs of nijiseethe on this board.

Anonymous

Anonymous Thu 12 Feb 2026 11:24:50 No.109398820 Report

Quoted By: >>109398875

>>109398699
>>109398762
>Cover reinvesting in company and growing profits = bad
>Anycolor using their revenue to pump stock with buybacks and dividends both of which directly enrich the majority stockholder Riku = good
Next up. Why Riku selling his majority share to sony (the next biggest shareholder) is actually a good thing for nijisanji vtubers.

Anonymous

Anonymous Thu 12 Feb 2026 11:29:57 No.109398875 Report

Quoted By: >>109399389 >>109402872

>>109398820
That would be the biggest move if Sony buys Nijisanji after their failed agency VEE didn't take off!

Anonymous

Anonymous Thu 12 Feb 2026 12:14:19 No.109399389 Report

Quoted By:

>>109398875
Please make nijisanji a PlayStation exclusive so I never have to hear about them ever again

Anonymous

Anonymous Thu 12 Feb 2026 14:08:29 No.109400575 Report

Quoted By: >>109400776

>>109397680
>Saved exclusively by becoming colalive

Anonymous

Anonymous Thu 12 Feb 2026 14:10:44 No.109400598 Report

Quoted By: >>109401556

>>109398018
You do know the yen's value died last year so they actually lost a shit ton a revenue on the streaming side of things too, right ?

Anonymous

Anonymous Thu 12 Feb 2026 14:16:07 No.109400667 Report

Quoted By:

>>109397680
>Miss their revenue forecast again
>Stock keep going down
KWAB

Anonymous

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Anonymous Thu 12 Feb 2026 14:23:04 No.109400776 Report

Quoted By: >>109402165 >>109403357

>>109400575
>Streaming/Content +0.0%
>Concerts/Events -13.1%
Content
>Merchandising +21.9%
>Licensing/Collaborations +19.2%
It doesn't really leave me feeling much hope. I think I'm ready to move on.

Anonymous

Anonymous Thu 12 Feb 2026 14:29:19 No.109400845 Report

Quoted By: >>109400916 >>109401408 >>109402464

>>109397680
Anons care about sponsors and their growth in revenue, but I only care about one thing:
>Talents remuneration: 1,582 Million yen (not including the "loan" to help talents with their personal projects)
>Amount of VTubers: 85
>Average of 18.6M Yen or $121.5K this quarter
Yup, that looks good

Anonymous

Anonymous Thu 12 Feb 2026 14:32:48 No.109400885 Report

Quoted By: >>109400902 >>109400989 >>109413198

>>109398614
Can this Biboo vs Saba rivalry bullshit just plz fucking die already? Are we not allowed to like both of them?

Anonymous

Anonymous Thu 12 Feb 2026 14:33:55 No.109400902 Report

Quoted By:

>>109400885
Impossible. There aren't that many angles to shitpost against with Hololive to begin with so >we have to treasure each and every singles of those few

Anonymous

Anonymous Thu 12 Feb 2026 14:34:44 No.109400916 Report

Quoted By: >>109400965 >>109401081

>>109400845
But we've learned talent is putting their own money into producing content. "Personal projects" IS Hololive content. That's not reflected in the report, correct?

Anonymous

Anonymous Thu 12 Feb 2026 14:38:55 No.109400965 Report

Quoted By: >>109401015

>>109400916
Yes

Anonymous

Anonymous Thu 12 Feb 2026 14:41:07 No.109400989 Report

Quoted By:

>>109400885
It's literally one retard. Stop getting baited.

Anonymous

Anonymous Thu 12 Feb 2026 14:43:50 No.109401015 Report

Quoted By:

>>109400965
This is something I'd want to see as an investor desu. Isn't the happiness of the talent and their ability to make engaging content what Hololive was built on? This shit makes me feel like I'm taking crazy pills, if I'm the only one to think that way

Anonymous

Anonymous Thu 12 Feb 2026 14:48:58 No.109401081 Report

Quoted By: >>109401267 >>109401365

>>109400916
But it's not REQUIRED content. They can choose to do as many or as few projects as they want to, and there's a decent amount who really only accept things given to them by management which usually is decently management funded. Just because some of the girls are retarded enough to chase what will likely be a complete money sink doesn't mean they deserve synpathy for putting themselves in a tough spot, and I'm tired of the crying/talking about how they aren't gettimg 'paid' because they threw money away on a losing venture one too many times.

Anonymous

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Anonymous Thu 12 Feb 2026 14:58:59 No.109401233 Report

Quoted By: >>109402097

Looks like the amount of people working on holoearth decreased compared to Q2

Anonymous

Anonymous Thu 12 Feb 2026 15:00:35 No.109401267 Report

Quoted By:

>>109401081
I'd feel more confident without the 2025 graduation wave

Anonymous

Anonymous Thu 12 Feb 2026 15:07:22 No.109401365 Report

Quoted By: >>109401473

>>109401081
nta but it feels really hard to judge since we do not know what is the baseline of a chuuba who does 0 personal projects, if any even exist

Anonymous

Anonymous Thu 12 Feb 2026 15:10:41 No.109401408 Report

Quoted By: >>109402105

>>109400845
till you learn that overall for the 3 quarters they are only getting 12% of total revenue
rev 34,681
payout 4,365

Anonymous

Anonymous Thu 12 Feb 2026 15:14:25 No.109401473 Report

Quoted By: >>109401575 >>109403107

>>109401365
Just take Shiori or Gigi as examples in EN. Very few songs, very few big projects outside of the group ones.

Anonymous

Anonymous Thu 12 Feb 2026 15:21:24 No.109401556 Report

Quoted By:

>>109400598
Not really, their Q3 runs from October through December, in both 2024 and 2025 the USD-JPY rate hit 150 JPY per dollar in early October with the yen continuing to weaken to 158 JPY per USD before reversing in early January

Anonymous

Anonymous Thu 12 Feb 2026 15:23:05 No.109401575 Report

Quoted By:

>>109401473
Right but these are the two newest EN generations. The grads are mostly coming from the older talent, even on the JP side. The only exception I can really think of is Ao and it was for different reasons.

Anonymous

Anonymous Thu 12 Feb 2026 15:43:31 No.109401890 Report

Quoted By:

>>109397680
this is good, right? Numberniggers always post numbers when they are good, right?

Anonymous

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Anonymous Thu 12 Feb 2026 15:48:35 No.109401971 Report

Quoted By:

>>109398568
Rei-chan LOVE

Anonymous

Anonymous Thu 12 Feb 2026 15:55:35 No.109402097 Report

Quoted By:

>>109401233
So their operating profit is up because they fired everyone working on Holoearth

Anonymous

Anonymous Thu 12 Feb 2026 15:55:53 No.109402105 Report

Quoted By: >>109402148 >>109402183 >>109405984

>>109401408
I only care that talents earn a lot of money. I don't care how many % of revenue they get since a big part of those revenue is invested back into the company which will benefit talents anyway

Anonymous

Anonymous Thu 12 Feb 2026 15:58:50 No.109402146 Report

Quoted By:

MERCH MERCH MERCH MORE ACRYLIC STANDS MORE SHILL STREAMS NUMBER GO UP GOOD WE ARE WINNING STREAM PROFIT CONCERT PROFIT DOWN NO MORE STREAMS NO MORE EVENTS JUST ACRYLIC STANDS AND SHILLING

Anonymous

Anonymous Thu 12 Feb 2026 15:58:56 No.109402148 Report

Quoted By: >>109402508 >>109403541

>>109402105
>revenue is invested back into the company which will benefit talents anyway
You're being awfully optimistic about corporate management in the entertainment industry

Anonymous

Anonymous Thu 12 Feb 2026 16:00:01 No.109402165 Report

Quoted By: >>109404565

>>109400776
if you break down the merchandising section, the merch sale actually decreased, the increase comes from card sale

Anonymous

Anonymous Thu 12 Feb 2026 16:00:39 No.109402183 Report

Quoted By: >>109402222 >>109402508

>>109402105
You say paid well but some talents are going to vastly be over that average while others far far below, what that old chart they used to show was like 1-5 were over like 20% of the generated revenue.

Anonymous

Anonymous Thu 12 Feb 2026 16:02:40 No.109402222 Report

Quoted By:

>>109402183
>others far below
ID and homos.

Anonymous

Anonymous Thu 12 Feb 2026 16:16:49 No.109402464 Report

Quoted By: >>109402558

>>109400845
if you come back to the past report, the talents remuneration to sale ratio actually decreased YoY so talents actually are getting less for the amount of sale she bring to the company, Cover is reducing talents remuneration while the works for talents pile up

Anonymous

Anonymous Thu 12 Feb 2026 16:19:05 No.109402508 Report

Quoted By:

>>109402183
That was top 15, not 1-5, but it doesn't matter because as the other anon said, it's mostly IDs and homos who dragged the average down
>>109402148
You can see their expenses in that report, anon...

Anonymous

Anonymous Thu 12 Feb 2026 16:22:02 No.109402558 Report

Quoted By:

>>109402464
It doesn't matter as long as talents are still paid well - which they are; In fact, they've been paid more YoY.
> while the works for talents pile up
Only if the talents want to. Otherwise, when it comes to mandatory work, there is minimal differences at best

Anonymous

Anonymous Thu 12 Feb 2026 16:30:16 No.109402698 Report

Quoted By: >>109413145 >>109415333

I don't understand why assume that everything with the talent is fixed. Where exactly do you get that impression? It seems to me that's the kind of thing you can't really see at all from a financial report. This shows figures and management's intentions but it's not on-the-ground kind of information.

Anonymous

Anonymous Thu 12 Feb 2026 16:41:56 No.109402872 Report

Quoted By:

>>109398875
And also Prism Project. Somehow I doubt that Sony is in any particular hurry to expand their footprint in the vtuber market.

Anonymous

Anonymous Thu 12 Feb 2026 16:56:58 No.109403107 Report

Quoted By:

>>109401473
>Gigi
what ? she has more songs than ERB...

Anonymous

Anonymous Thu 12 Feb 2026 17:09:43 No.109403357 Report

Quoted By:

>>109400776
Have you seen the amount of paid collaborations EN alone has been picking up? Over-saturation of a semi-small market will lead to a collapse when all those brands they sell to don't do as well with the IP as their banner to draw in new customers doesn't work as well.

Anonymous

Anonymous Thu 12 Feb 2026 17:09:58 No.109403362 Report

Quoted By:

>>109398508
>Only 9% increase
Holy shit, they lost. They're never beating Nijisanji now

Anonymous

Anonymous Thu 12 Feb 2026 17:19:51 No.109403541 Report

Quoted By:

>>109402148
They are legally obligated to post what they are doing with their money. It is literally in the report.

Anonymous

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Anonymous Thu 12 Feb 2026 18:10:50 No.109404565 Report

Quoted By:

>>109402165
>the merch sale actually decreased
It boggles the mind trying to figure out why this happened

Anonymous

Anonymous Thu 12 Feb 2026 18:34:43 No.109405155 Report

Quoted By: >>109405232

>Zero mention or accounting of Holoearth,it's cost and it's total failure
Keep cooking them books

Anonymous

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Anonymous Thu 12 Feb 2026 18:38:07 No.109405232 Report

Quoted By:

>>109405155
>presentation materials
if you want to see it in full it will be in financial results in which you can just look at where money is being used.

Anonymous

Anonymous Thu 12 Feb 2026 19:12:39 No.109405984 Report

Quoted By: >>109413171 >>109423256

>>109402105
Investing into holoearth isn't good RETARD

Anonymous

Anonymous Thu 12 Feb 2026 22:46:32 No.109411669 Report

Quoted By:

>>109397727
Sell signal.

Anonymous

Anonymous Thu 12 Feb 2026 22:52:57 No.109411859 Report

Quoted By:

At this point yagoo should own at least few yachts
why doesn't he?

Anonymous

Anonymous Thu 12 Feb 2026 23:30:40 No.109413145 Report

Quoted By: >>109415400

>>109402698
You're retarded

Anonymous

Anonymous Thu 12 Feb 2026 23:31:28 No.109413171 Report

Quoted By:

>>109405984
Do phasenigs really

Anonymous

Anonymous Thu 12 Feb 2026 23:32:28 No.109413198 Report

Quoted By: >>109432759

>>109400885
Sabacucks really began this war under the rather childish delusion that they would go out and shit on hololive and nobody would shit on them

Anonymous

Anonymous Fri 13 Feb 2026 00:47:45 No.109415333 Report

Quoted By:

>>109402698
If it's not a number, it doesn't exist.

Anonymous

Anonymous Fri 13 Feb 2026 00:50:06 No.109415400 Report

Quoted By: >>109418989 >>109423000

>>109413145
You oshi the C-suite, I guess

Anonymous

Anonymous Fri 13 Feb 2026 02:37:57 No.109418989 Report

Quoted By:

>>109415400
when push comes to shove all tribalfags ultimately oshi the suits

Anonymous

Anonymous Fri 13 Feb 2026 04:18:32 No.109423000 Report

Quoted By: >>109429800

>>109415400
>when they attacked the c suite, I didn't speak up, because I wasn't a c suite

Anonymous

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Anonymous Fri 13 Feb 2026 04:20:54 No.109423099 Report

Quoted By: >>109425829

>>109397680
DORYAAAAAAAAAAAAAAAAA

Anonymous

Anonymous Fri 13 Feb 2026 04:25:32 No.109423256 Report

Quoted By:

>>109405984
After seeing gen 5's fat asses in tights, it's great. It just matters that the investing into it is in the right parts.

Anonymous

Anonymous Fri 13 Feb 2026 05:47:16 No.109425829 Report

Quoted By: >>109431342 >>109431352

>>109423099
We won?

Anonymous

Anonymous Fri 13 Feb 2026 09:12:58 No.109429728 Report

Quoted By:

My main takeaway is honestly just that operational cost is 60% of gross profit, which means that talents (and other employees) are getting a pretty respectable cut. Not bad.

Anonymous

Anonymous Fri 13 Feb 2026 09:17:55 No.109429800 Report

Quoted By:

>>109423000
It's more about the policies and decisions. I don't need them thrown in ovens or anything

Anonymous

Anonymous Fri 13 Feb 2026 10:55:47 No.109431342 Report

Quoted By:

>>109425829
I don’t think so

Anonymous

Anonymous Fri 13 Feb 2026 10:56:35 No.109431352 Report

Quoted By:

>>109425829
Yeah, we won

Anonymous

Anonymous Fri 13 Feb 2026 12:32:16 No.109432759 Report

Quoted By:

>>109413198
Sabacucks were coping so hard they became the most wrong about her.

Anonymous

Anonymous Fri 13 Feb 2026 12:49:30 No.109433035 Report

Quoted By:

>>109398568
kronii noooo

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Cover's Q3 financial report is out