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LG Display (A034220) investor relations material
LG Display Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Q3 2025 saw a significant turnaround with revenue of KRW 6.957 trillion, up 25% QoQ and 2% YoY, and operating profit of KRW 431 billion, driven by OLED shipment growth, cost innovation, and new product launches.
OLED products accounted for 65% of total revenue, up 9 percentage points QoQ and 7 percentage points YoY, reflecting a successful shift to an OLED-centric business model.
Net income was KRW 1.2 billion, including foreign currency translation gains, a significant turnaround from a net loss of KRW 338 billion in Q3 2024.
Financial highlights
Revenue for Q3 2025: KRW 6.957 trillion, up 25% QoQ and 2% YoY.
Operating profit: KRW 431 billion, improving by over KRW 500 billion both QoQ and YoY; adjusted to KRW 470 billion excluding KRW 40 billion in one-time workforce costs.
EBITDA: KRW 1.4239 trillion, up 35% QoQ and 23% YoY, with a 20% margin.
Gross margin improved to 16.4% from 9.1% in Q2 2025 and 12.4% in Q3 2024.
Year-to-date revenue: KRW 18.6093 trillion; operating profit: KRW 345 billion, up KRW 1 trillion YoY.
Outlook and guidance
Q4 OLED area shipment expected to grow, while LCD shipment will decrease as focus remains on profitability.
Total area shipment projected to grow in low single digits QoQ; ASP per square meter expected to decline slightly QoQ due to product mix changes.
OLED revenue share in Q4 expected to remain similar QoQ, with annual share at low 60% level.
Additional workforce improvement program planned for Q4, with anticipated greater financial impact than Q3.
Management expects continued benefit from increased OLED panel shipments and ongoing cost innovation.
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