The company, which operates Korea’s largest mobile messaging app, KakaoTalk, said in a regulatory filing that revenue increased by 4 percent year-on-year to a record 2 trillion won ($1.4 billion) for the April-June period.
Net income surged 59.1 percent to 87.1 billion won, while operating profit jumped 18.5 percent to 134 billion won.
Its platform businesses generated sales of 955.3 billion won, a 10 percent year-on-year increase, including advertising revenue, which rose 9 percent to 307.3 billion won, and e-commerce operations, which increased 5 percent to 206.6 billion won.
But its content business sales declined 0.4 percent to 1.05 trillion won.
In the segment, music revenue reached 510.9 billion won, a 6 percent increase. But revenue from digital comics and novels totaled 215.7 billion won, down 7 percent from the previous year.
The decline was attributed to increased costs related to Kakao’s Japanese webcomic subsidiary, Piccoma, amid growing competition in Japan.
reporter
Kim Joo-heon
jhkim123@ajunews.com
