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Kakao Pay
Kakao Pay (377300) investor relations material
Kakao Pay Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2025 earnings summary3 Nov, 2025
Executive summary
Q3 2025 saw TPV reach ₩47.1T (+12% YoY), revenue ₩238.4B (+28% YoY), and operating profit ₩15.8B (+69% QoQ), with financial and platform services as key drivers.
Net income turned positive at ₩19.1B, rebounding from losses in Q3 2024.
Financial service revenue surged 72% YoY, platform service grew 69% YoY, and payment service revenue rose 6% YoY, with offline and cross-border payments showing double-digit growth.
User engagement metrics improved: DAU up 6% YoY to 6.56M, ARPU up 33% YoY to ₩10,103, and ATPU up 43% YoY to 75.
Financial highlights
Q3 TPV: ₩47.1T (+12% YoY); Revenue TPV: ₩13.4T (+8% YoY).
Q3 revenue: ₩238.4B (+28% YoY); operating profit: ₩15.8B (+69% QoQ); net profit: ₩19.1B; EBITDA: ₩24.1B.
Financial service revenue: ₩94.7B (+72% YoY); platform service: +69% YoY; payment service: ₩129.7B (+6% YoY).
Operating expenses were ₩222.5B (+14.9% YoY, −2.8% QoQ); marketing expense up 44.6% YoY, kept at 10% of revenue.
Operating margin improved to 6.6%, net margin at 8.0%, and EBITDA margin at 10.1%.
Outlook and guidance
Platform and financial services expected to sustain double-digit growth in 2026, leveraging data-driven ads, card recommendations, and digital channels.
Securities business aims to expand active customer pool and maintain high growth via new account openings, conversion, and AI-powered features.
Insurance business targets higher growth in 2026 with new products, enhanced offerings, and expanded direct counseling channels.
User base and ARPU expected to continue rising, supporting topline expansion.
Kakao Pay's AI agent payment differentiation
Offline payment strategy vs. asset-heavy peers
Stablecoin initiative and regulatory response
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Next Kakao Pay earnings date
Q4 20256 Feb, 2026
Kakao Pay
Next Kakao Pay earnings date
Q4 20256 Feb, 2026
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