Kakao's Q4 revenue grows to KRW 544.7 billion

Thursday 8 February 2018 | 10:09 CET | News
South Korean mobile messenger operator Kakao reported fourth-quarter consolidated revenue of KRW 544.7 billion, with fiscal year 2017 revenue at KRW 1.97 trillion. Fourth quarter operating income was KRW 34.7 billion and yearly total was KRW 165.0 billion. Quarterly revenue for key business sectors of Ads, Content and Others all showed significant year-on-year growth of 13 percent, 20 percent, and 31 percent, respectively. In terms of yearly revenue, the increase was 12 percent for Ads, 40 percent for Content, and 71 percent for Others. 

Kakao’s advertising platforms recorded yearly revenue of KRW 159.5 billion, showing 13 percent growth year-on-year in 2017 and 5 percent quarter-on-quarter. Content platforms grew by 20 percent year-on-year to KRW 265.9 billion. Game revenue decreased 4 percent year-on-year to KRW 89.2 billion. 

Overall, operating income for fourth quarter decreased 27 percent quarter-on-quarter and 9 percent year-on-year to KRW 34.7 billion, with an operating income ratio of 6.4 percent. For fiscal year 2017, operating income grew KRW 48.9 billion to KRW 165.0 billion. Net income for the fourth quarter decreased KRW 19.2 billion year-on-year and KRW 7 billion quarter-on-quarter. For the year, net income increased KRW 62.1 billion to KRW 127.6 billion.