Kakao Q2 Revenue and Operating Profit Beat Expectations, Up 3.5% and 49% Year-over-Year

According to an announcement on August 6, Kakao reported Q2 consolidated revenue of 2.0984 trillion won and operating profit of 277 billion won, exceeding analyst expectations by 2.8% and 23.3% respectively. Both metrics grew year-over-year, with revenue up 3.5% and operating profit surging 49% compared to the same quarter last year.

However, net income fell to 18 billion won, declining 89.5% year-over-year.