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Kakao
Kakao (035720) investor relations material
Kakao Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2025 earnings summary7 Nov, 2025
Executive summary
Q3 2025 consolidated revenue reached a record-high KRW 2.087 trillion, up 9% YoY and 3% QoQ, with platform and content segments contributing nearly equally.
Operating profit rose 59% YoY and 12% QoQ to KRW 208 billion, with a 10% margin, the highest in four years.
Net profit surged 146% YoY and 12% QoQ to KRW 193 billion, with a net profit margin of 9.2%.
Major KakaoTalk revamp in September increased user engagement and time spent, reversing a downward trend.
Launched new AI services, including on-device Kanana in Talk and ChatGPT for Kakao, with strong early adoption.
Financial highlights
Platform revenue: KRW 1.598 trillion (+12% YoY), content revenue: KRW 1.267 trillion (+5% YoY, +6% QoQ).
Talk Biz advertising revenue grew 11% YoY and 1% QoQ; business messaging up 22% YoY.
Commerce GMV reached KRW 2.5 trillion (+4% YoY); TalkGift self-purchase GMV up 40% YoY.
Media revenue soared 75% YoY and 2% QoQ; music revenue climbed 20% YoY and 9% QoQ.
CAPEX rose sharply, mainly for server investments, up significantly YoY and QoQ.
Outlook and guidance
Double-digit YoY growth in TalkBiz advertising revenue and accelerated commerce revenue expected in Q4.
Platform segment to see continued positive results; content segment expected to decline QoQ due to game and music softness.
Continued focus on profitability and operational efficiency, especially in entertainment and story segments.
Strategic marketing expansion and investment in AI and digital transformation initiatives.
Detail server investment for AI initiatives
Clarify Talk Biz Commerce revenue recognition
Identify drivers of non-controlling interest profit
AI monetization strategy for new services
Kakao Talk revamp: traffic quality impact
Drivers of Q3 structural profit improvement
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Next Kakao earnings date
Q4 202512 Feb, 2026
Kakao
Next Kakao earnings date
Q4 202512 Feb, 2026
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Frequently asked questions
Kakao Corp is a South Korean technology company specializing in internet services, digital content, and mobile platforms. The company operates KakaoTalk, a widely used messaging application, and provides a range of services including fintech, entertainment, e-commerce, and mobility solutions. Kakao Corp is also involved in digital advertising, gaming, webtoons, and music streaming through its various subsidiaries and business units. Kakao Corp is headquartered in Jeju, South Korea, and its shares are listed on the KRX.
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