Metaplanet Cuts 2026 Revenue Forecast by About 59% to $41.4 Million

Metaplanet lowered its 2026 revenue forecast by about 59% to $41.4 million in its third-quarter results, while reporting holdings of 44,000 Bitcoin (BTC) as of Sept. 30, up 1,000 BTC from June 30.

The revised revenue target replaces an earlier projection of about $102 million. Metaplanet also cut its full-year operating profit forecast to $19.11 million from $72.61 million.

For the first nine months of 2026, the company recorded $37.55 million in revenue, a 30.5% increase year over year, and $22.14 million in operating profit, up 26.5%. It still reported a net loss of about $173 million for the period, compared with a profit in the same period last year.

The revised full-year revenue target sits just above nine-month revenue, while the operating profit forecast is below the amount already recorded. Nonoperating losses tied to Bitcoin valuation and sales drove the net loss, including about $122 million in losses from Bitcoin sales. Metaplanet's BTC Yield for the quarter was 11.3%.