South Korea · Delayed Price · Currency is KRW Soop Co., Ltd. Earnings Call Transcripts
Fiscal Year 2026
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Q2 results were impacted by one-off tax audit costs and seasonal factors, leading to lower profit despite stable platform growth and a rebound in core metrics. Management expects recovery in H2 as temporary costs dissipate and new initiatives, including a major UI/UX overhaul and integrated marketing brand, are launched.
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Q1 2026 revenue declined sequentially but remained stable year-over-year, with platform and ad revenues showing mixed trends. Strategic partnerships and account integration are expected to drive recovery and user growth in Q2.
Fiscal Year 2025
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Fourth quarter revenue grew 7% year over year but declined 5% sequentially, with strong annual advertising growth of 61%. The company is integrating global and domestic platforms, launching new translation services, and shifting its dividend policy to a net income basis.
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Q3 2025 delivered strong revenue and profit growth, driven by advertising, global expansion, and AI commercialization. Branded content ads and esports events boosted performance, while PlayD integration enhanced advertising synergy. One-off costs impacted net income, but adjusted results were robust.
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Q2 2025 saw 15% YoY revenue growth to KRW 116.9B, driven by advertising and global partnerships, while operating profit and net income declined due to higher costs and FX losses. AI initiatives and the PlayD acquisition supported ecosystem expansion and future growth.
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Q1 2025 saw 14% YoY revenue growth and strong operating margins, driven by increased streamer activity, AI tool launches, and global expansion. The PlayD acquisition and a major branding campaign are set to boost future growth, with a focus on esports and social content.
Fiscal Year 2024
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Revenue and profit grew strongly in 2024, driven by platform and ad expansion, with global and AI investments set to rise in 2025. Simulcasting and new AI tools are enhancing engagement, while Southeast Asia remains a key growth focus.
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Q3 2024 saw strong revenue and operating income growth, surpassing annual targets, driven by platform and advertising momentum. The company completed a major rebranding, launched a new platform, and is preparing for global expansion, with Q4 expected to continue positive trends.
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SOOP reported strong Q2 2024 results with revenue up 23% YoY and operating profit up 41% YoY, driven by platform and ad revenue growth. The company is expanding globally, focusing on innovation, and expects continued momentum despite a challenging ad market.