KTH Q1 Operating Profit 824 Million KRW...16.2% Decrease YoY

[Asia Economy Reporter Lim Chunhan] KTH announced on the 7th that its consolidated operating profit for the first quarter of this year was tentatively estimated at 824 million KRW, a 16.2% decrease compared to the same period last year. Sales increased by 14.7% to 93.763 billion KRW, and net profit turned positive to 136 million KRW.

Commerce business sales recorded 65.4 billion KRW, a 25.6% increase compared to the same period last year, setting a record high for first-quarter sales. K Shopping is accelerating its mobile transition through strengthening growth-oriented business capabilities and active investment to respond to the rapidly changing distribution environment. It is intensifying the competitiveness of K Shopping’s mobile live service ‘Live K’ by expanding partnerships with celebrities and influencers, expanding connections with TV MCN services, and developing new business models to secure new growth engines, including synergy business discovery through the scheduled merger with KT M-House in July.

K Shopping plans to focus on scale growth based on strengthening the core competitiveness of T-commerce channels, products, and videos, and to enhance mobile competitiveness through the advancement of linked services between TV MCN and mobile live.

AI/DX business sales recorded 15.6 billion KRW, an 18.1% decrease compared to the same period last year. This was due to the transfer of content scheduling and operation business following organizational restructuring and a decrease in project orders. The AI/DX business plans to expand platform and service development personnel to support the commerce business and focus on participating in key strategic group projects such as the development of non-face-to-face education platforms.

Content media business sales recorded 12.7 billion KRW, a 20.5% increase compared to the same period last year. The content media business is enhancing synergy and efficiency among individual businesses through organizational restructuring that covers not only the acquisition and distribution of rights but also content scheduling and operation. Additionally, it plans to expand its own investment in films and series rights distribution and channel PP business, and continuously expand secondary rights provision to OTT platforms such as Netflix and Coupang Play based on competitive rights acquisition capabilities.

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