WantedLab, 115.7% YoY Sales Growth... Record High Performance (Comprehensive)

Wanted Lab service page. [Photo by Wanted Lab]

[Asia Economy Reporter Kim Jong-hwa] HR tech company Wanted Lab Co., Ltd. announced on the 14th that it recorded sales of 31.7 billion KRW and operating profit of 6.1 billion KRW last year. This marks the fourth consecutive quarter of profitability and the best performance since its founding.

Total sales increased by 115.7% compared to the previous year, operating profit margin rose by 54.8 percentage points to 19.1%, and net profit margin increased by 72.6 percentage points to 9.5%.

Wanted Lab's recruitment segment sales reached 29.3 billion KRW, up 114.7% from 2020. In particular, the increase in AI matching effectiveness led to a 105.5% rise in the number of successful candidates, driving sales growth. All key leading indicators also showed growth. Annual applications increased by 41.4% year-on-year, surpassing 1 million. The number of individual users rose by 35.4% to 2.29 million, and corporate clients grew by 58.1% to 14,530 companies.

New business sales also grew significantly, recording 2.4 billion KRW, up 128.2% from the previous year. Especially, the freelance matching service 'Wanted Gigs' saw its sales increase fivefold year-on-year to 1.67 billion KRW, boosting overall new business revenue.

Career education service 'Wanted Plus' and integrated HR solution 'Wanted Space' continue to show growth in key indicators. Wanted Plus recorded a total of 72,000 users, and the newly introduced community last year achieved 55,000 visitors. Wanted Space is being used by about 1,200 companies and 13,000 users.

Lee Bok-gi, CEO of Wanted Lab, said, "Our unique data and AI capabilities are shining and leading the recruitment market," adding, "We have recorded 27 consecutive quarters of sales growth since our founding with differentiated technology." He continued, "We will continue to be an HR tech company that creatively solves market problems by developing optimal technology that connects work and people."

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