Kakao Posts Q3 Operating Profit of KRW 240.3 Billion... Strong Ad and Commerce Performance
Platform revenue up 17% year over year...Mobility and Pay also rise 21%
Content revenue edges down
Kakao said on November 5 that its consolidated operating profit for the third quarter of this year was provisionally tallied at KRW 240.3 billion, up 7% from the same period a year earlier. Revenue rose 6% over the same period to KRW 2.0867 trillion.
Operating margin in the third quarter was 12%, and operating expenses totaled KRW 1.8464 trillion, up 6% from the same period a year earlier.
Kakao Pangyo Agit, Seongnam, Gyeonggi Province. Photo by Kang Jinhyung aymsdream@.
View original imageBy business area, revenue from the platform segment in the third quarter rose 17% from the same period a year earlier to KRW 1.235 trillion. Talk Biz revenue, in particular, increased 13% year over year to KRW 632.9 billion. In the third quarter, gross merchandise value for Talk Biz commerce, including Gift Giving and Talk Deal, rose 13% from the third quarter of last year to KRW 2.3 trillion.
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Revenue from Platform Other, which includes Mobility and Pay, increased 21% year over year to KRW 602.1 billion, while revenue from the content segment fell 6% to KRW 851.7 billion.
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