Just caught Kakao's Q4 earnings and the turnaround is pretty solid. They posted a narrower loss this time around - 39.4 billion won versus 444 billion the year before. That's a massive swing. Even more interesting, they actually swung to profit on the net income side, hitting 42.8 billion won compared to that 225.5 billion won loss they had last year.



Operating income jumped too, came in at 203.4 billion won versus 75.4 billion won previously. Sales also ticked up 9% to 2.1 trillion won from 2.0 trillion won. The stock's been trading around 59,100 won, up a bit on the news. Looks like investors are taking the narrower loss and better operational performance as a positive sign for the company's direction.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned