South Korea · Delayed Price · Currency is KRW Kakao Pay Earnings Call Transcripts
Fiscal Year 2025
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FY 2025 delivered double-digit growth in TPV, revenue, and user engagement, with the first annual operating profit turnaround. 2026 guidance targets 15–25% revenue growth, driven by payment, financial, and platform expansion, plus new initiatives in stablecoin and AI.
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Q3 2025 delivered robust growth in TPV, revenue, and operating profit, driven by strong gains in financial, platform, and payment services. User engagement, securities, and insurance metrics all improved, while regulatory headwinds were managed through diversification and innovation.
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Q2 2025 saw revenue surge 28.5% year over year, with digital finance and platform services driving growth. Net income and TPV reached record highs, while AI and cross-border payment initiatives set the stage for future expansion.
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Q1 2025 saw a 20% revenue increase and the first consolidated operating profit since IPO, driven by robust growth in financial services, securities, and insurance. User engagement and transaction metrics improved, with new product launches and AI initiatives supporting future expansion.
Fiscal Year 2024
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FY24 revenue rose 25% year-over-year to KRW 766.2 billion, led by digital finance and robust growth in offline and cross-border payments. Q4 saw record revenue and near breakeven after adjusting for one-off expenses, with strong guidance for 2025 and a focus on profitability turnaround.
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Q3 2024 saw 17% year-over-year TPV and revenue growth, but a net loss due to a one-off bad debt expense. Payment, securities, and insurance segments all posted strong growth, with user activity and merchant base expanding. Regulatory and macro headwinds remain.
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Q2 2024 saw 25% revenue growth, positive EBITDA, and a narrowed operating loss, with strong gains in digital finance and securities. User activity and offline payments rose, while risk from the TMON/WeMakePrice incident is being managed.