IGAWorks Reports 181 Billion KRW in Revenue Last Year, Up 42% Year-on-Year
Successful Turn to Surplus... Securing Growth Momentum
[Asia Economy Reporter Kim Cheol-hyun] IGAWorks (CEO Ma Guk-seong) announced on the 8th that its consolidated sales last year reached 181 billion KRW, an increase of about 42% compared to the previous year. The data-driven advertising transaction amount surpassed 495.1 billion KRW, and the compound annual growth rate (CAGR) from 2017 to 2021 was 78.1%.
IGAWorks explained that along with a steady annual sales increase of over 40%, it also succeeded in turning a profit with a net income of 5.3 billion KRW. IGAWorks, having met the main requirements for listing, stated that as part of preparing for its initial public offering (IPO), it has completed preparations including establishing internal control systems and undergoing designated accounting audits to ensure management transparency, and is currently reviewing the timing for the listing.
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Ma Guk-seong, CEO of IGAWorks, said, "As digital transformation accelerates across all industries, we aim to advance the supporting data and platforms, strengthening profitability alongside sales growth." He added, "We will comprehensively review market conditions that can recognize the value of the data unicorn IGAWorks and decide on the timing of the listing."
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