In the third quarter, Kakao’s platform revenue increased by 12% year-on-year, totaling 1.0598 trillion won, with significant growth in advertising and business messaging. Additionally, other platform services including mobility and payment grew by 24%, further contributing to the overall revenue growth. The content division also saw a revenue increase, reflecting strong performance from the music and media sectors.
Kakao’s operating profit reached 208 billion won, marking a 59% increase from the previous year, with the operating margin hitting 10%, the highest in approximately four years. The company plans to invest more in AI features and to improve user services based on customer feedback. CEO Jeong Shin-a stated that the focus will shift towards AI as a key sustainable growth driver starting next year, indicating a major transformation in their business strategy to capitalize on AI technologies.
👉 Pročitaj original: CIO Magazine
