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(Photo = Kakao pay) |
[Alpha Biz= Reporter Kim Jisun] Kakao Pay reported a net loss for the third quarter, attributed to the impact of the "TMON-WeMakePrice incident."
On November 5, Kakao Pay announced a Q3 net loss of KRW 27.5 billion, marking a shift from the KRW 600 million net profit recorded in Q2. The loss expanded compared to the same period last year, which saw a net loss of KRW 8.2 billion.
The total transaction volume in Q3 rose 17% year-over-year to KRW 42.2 trillion. Payment service transactions increased by 19%, while offline payments surged by 131%, fueled by growth in key payment sectors like convenience stores, utility and tax payments, and international transactions. Financial service transaction volume also grew by 17% over the same period.
User engagement metrics improved as well. Monthly active users (MAU) reached 23.96 million, a 5% increase from the same period last year. The average number of transactions per user remained steady at 99, similar to the previous quarter.
Revenue for Q3 grew by 17.2% year-over-year to KRW 186.2 billion, up from KRW 158.8 billion in the same period last year. Payment service revenue increased by 8.3% to KRW 122.9 billion, bolstered by the growth of offline and international payments. Revenue from financial services remained consistent at around KRW 55 billion for the second consecutive quarter, maintaining about 30% of total revenue.
Alphabiz Reporter Kim Jisun(stockmk2020@alphabiz.co.kr)
