[Click e-Stock] "NBT Posts Profit for Second Straight Quarter as Commerce Revenue Surges... Shareholder Returns in Focus"

NBT, a company specializing in app monetization solutions, posted a profit for the second consecutive quarter, driven by growth in its commerce business. As it rapidly expands the commerce business by leveraging its partner network and settlement infrastructure built through its existing advertising business, the company is also expected to flesh out its shareholder return policy.

NBT is a company specializing in app monetization solutions that was listed on the KOSDAQ market in 2021. In the first nine months of 2026, advertising accounted for 71.7% of revenue, commerce for 19.3%, and other businesses for 9.0%. Third-quarter revenue rose 24.3% year over year to 28.6 billion won, while operating profit was 1.9 billion won, marking a return to profitability.

Jihoo, an analyst at Value Finder, said, "Revenue from commerce monetization solutions rose 115% from the previous quarter to approximately 8.6 billion won in the third quarter, driving earnings growth." The commerce monetization solution connects app partners with commerce businesses and earns commissions when users purchase products. NBT is expanding the business by leveraging its partner media network and settlement infrastructure built through its existing advertising business.

Transaction volume is also growing rapidly. Monthly transaction value reached 184 billion won in September. Since the business model leverages existing infrastructure, additional fixed costs are limited, and revenue growth is also expected to generate operating leverage.

Analyst Jihoo forecast, "Given the growth of the commerce business, NBT is highly likely to exceed the annual earnings forecast it disclosed last July." NBT's annual earnings forecast on a standalone basis calls for revenue of 107.9 billion won and operating profit of 2.1 billion won.

Over the medium to long term, NBT plans to expand into fintech to secure new growth drivers. Analyst Jihoo said, "The company plans to expand into fintech, including stablecoin-based payments and settlements," pointing to the growth potential of the new business.

Shareholder returns were also cited as a positive factor. NBT signed a liquidity provision agreement with SK Securities to improve the stability of its stock trading, while transferring 15 billion won from capital reserves to retained earnings to secure funds for shareholder returns.

However, the specific amounts for dividends and share buybacks have not yet been determined. Analyst Jihoo said, "The company is at the stage of fleshing out related policies, supported by improved financial conditions following its return to profitability," adding, "Once the shareholder return policy is fully implemented, it will also help enhance shareholder value and support a reassessment of the company's value."

This content was produced with the assistance of AI translation services.