Kakao's Q1 Earnings Soar

  • Arirang News

    May 08, 2020 08:27

    Messaging app giant Kakao posted record sales in the first quarter thanks to increasing demand for services during the coronavirus epidemic.

    The company said Thursday that sales for January to March jumped 23 percent on-year to over W868.4 billion, and operating profit soared 219 percent to over W88.2 billion (US$1=W1,226).

    The main boost came from mobile messaging app KakaoTalk and payment service Kakao Pay.

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