[Announcement+] D&C Media Reports Operating Profit of 3.2 Billion KRW in Q2, Up 94.9% YoY

[Asia Economy Reporter Eunmo Koo] D&C Media has broken its record for the highest performance ever. On the 13th, D&C Media announced through a public disclosure that its operating profit based on consolidated financial statements for the second quarter of this year reached 3.2 billion KRW, marking a 94.9% increase compared to the same period last year. During the same period, sales rose 44.2% to 14 billion KRW, and net profit also increased by 100.3% to 2.5 billion KRW. The cumulative results for the first half of the year showed sales of 26.6 billion KRW, operating profit of 5.9 billion KRW, and net profit of 4.9 billion KRW.

The global business expansion centered on Japan led to the strong performance in the second quarter. The proportion of overseas sales increased from around 6% in 2018 to 22.8% in the first half of this year, and Kakao Japan’s comic and webtoon platform ‘Piccoma’ has entered its main track, boosting sales centered on the top content ‘Solo Leveling’. Operating profit was driven by expanding the publication of webtoon volumes to offset sluggish sales of paper books such as light novels, and by improving the portfolio from paper books to web novels and webtoon e-books, which was identified as a key factor for high growth compared to the previous year.

The company plans to continue growth in the second half of the year focusing on the webtoon business through ▲ strengthening the lineup of works ▲ expanding overseas business ▲ diversifying OSMU. The flagship work ‘Solo Leveling’ resumed serialization of Season 2 earlier this month, consolidating its readership, and 5 to 6 new works are scheduled to be released within the year.

Overseas, the market will be expanded mainly in Europe and North America. Currently, a total of 27 webtoons are being serialized in China, Japan, Southeast Asia, Europe, and North America, and the company is continuously pursuing entry into new regions and platform expansion. In addition, beyond web novel adaptations into webtoons, the company is preparing to produce various types of content such as videos, aiming to maximize added value based on verified content.

Shin Hyun-ho, CEO of D&C Media, said, “The overseas market is the key to the company’s growth, and we are exploring various forms of entry such as volumes and e-books using the countries we have entered as bases.” He added, “Furthermore, as OSMU is expected to open a second growth phase, we plan to focus on securing excellent content and diversifying intellectual property (IP) business.”

This content was produced with the assistance of AI translation services.