June 17, 2019

Kakao’s net profit more than doubles in Q2

PUBLISHED : August 09, 2018 - 09:48

UPDATED : August 09, 2018 - 16:35

  • 본문폰트 작게
  • 본문폰트 크게
  • 페이스북
  • 트위터
  • sms

[THE INVESTOR] Kakao said on Aug. 9 its second-quarter net profit more than doubled from a year earlier on increased gains from financial assets.

Net profit for the three months that ended on June 30 jumped to 25.4 billion won (US$22.70 million) from 12.5 billion won a year earlier, the company said in a regulatory filing.

But operating profit fell 38.2 percent to 27.5 billion won in the second quarter from 44.6 billion won a year ago, as the company spent more in marketing costs to promote new businesses. 

Sales rose 25.7 percent on-year to a quarterly record-high of 588.9 billion won due to strong performance across all business sectors, including advertising and content, the company said.

By business, sales for its content platform climbed 29 percent on-year to 302.8 billion won in the second quarter. Sales in music content grew by 11 percent to 130.5 billion won, Kakao said in a statement.

By Song Seung-hyun and newswires (

  • 페이스북
  • 트위터
  • sms
Herald Corporation|CEO : Kwon Chung Won
Chief Privacy Officer & Juvenile Protection Manager : Yang Sung-jin
Company Registration No. 104-81-06004
Mail-Order Business Registration 2016 - Seoul Yongsan - 00590
Huam-ro 4-gil 10, Yongsan-gu, Seoul, Korea
T : +82-2-727-0114|Business info
Gov’t registration No. 아 04099