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FY2025 Q1 revenue spent on talent

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Comparison between Cover Corporation and AnyColor Inc.    Cost of Sales includes VTuber salary, cost for merchandise, and support staff pay. Stats taken directly from each company's quarterly report. (Cover tracks merch cost independently as opposed to AnyColor. For the purposes of this comparison, the two have been combined.) Comparative stats taken from Cover and AnyColor's FY2025 Q1 report. How AnyColor breaks down money spent on talent and their support staff.
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Cover Corp Quarterly spending

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  Cover Corp is spending an ever increasing amount of revenue on everything but the VTubers. Gains in their quarterly reports seem to reflect Cover hiring more VTubers rather than pay increases.
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Revenue by source for Hololive and AnyColor

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REVENUE BY SOURCE:  
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[NIJISANJI] The Flawed analysis FalseEyeD used from VTuber Sensei Part 2 (Q&A from YouTube Video)

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I completely forgot this still exists so, I've decided to use Blogger as a means to a provide extra context when a simple reply isn't enough.  Not at all! I love interacting with any listeners even if we don't agree at our conclusions. As for your first question, yes, VTuber sensei stated several times revenue was "impressive" or a similar facsimile, a particular bias has emerged in his narrative since June of 2024.  His TL;dr comments are very opinion based. First, most companies use what's called CAGR to approximate growth over the next 1,3,5, etc years. This numbers are the guide to how they go about setting forecast outlooks. That said, forecast outlooks and CAGR can't account for a number of things.  - They can't account for market volatility - They can't account for national of global economic condition since the numbers are purely based upon current conditions and speculative outcomes. - It cannot account for the appreciation or depreciation...
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