T Map Mobility Reports 3Q Revenue of 76.3 Billion KRW, Up 30.8% YoY

Tmap Mobility announced on the 15th that it recorded consolidated sales of 76.318 billion KRW in the third quarter of this year, representing a 30.8% increase compared to the same period last year. The quarterly net loss was 24.843 billion KRW, an increase of 293 million KRW compared to the same period last year. However, the net profit margin improved by 9.5 percentage points from the previous year to 32.6%. Operating profit (loss) was not disclosed.

Regarding the sales increase, the company explained, "It is the result of the visible effect of the 'All New TMAP' launched last September." In particular, the area that contributed the most was 'Mobility Life,' which showed a 131% increase compared to the same period last year. Due to increased travel demand, rental cars grew by 52%, and airport buses are also recovering to pre-COVID levels. Parking and advertising businesses also rose by 233% and 48%, respectively, indicating that the All New TMAP launched last September is having a significant positive impact.

Last September, Tmap Mobility integrated public transportation into the TMAP platform, which previously focused on driver-oriented services such as navigation, parking, designated driver, and electric vehicle charging. They introduced new features such as airport bus inquiry and reservation, and launched shared bicycle and accommodation reservation services, expanding various areas of mobility life.

The number of new TMAP subscribers reached 650,000 within a month, and the conversion rate for vertical services increased by 1.4 times. Users activating public transportation increased by 2.5 times, and place inquiry users more than doubled. Especially, visitors to TMAP’s detailed place information, which provides recommended places around destinations, surged more than sixfold.

Along with this trend, data areas such as TMAP Auto, API, and UBI grew by 68%, and mobility platform intermediary services such as designated driver, valet, and freight increased by 14% compared to the same period last year.

Lee Jaehwan, Chief Strategy Officer (CSO) of Tmap Mobility, said, "Since the launch of the All New TMAP in the third quarter, the activation of vertical services and growth opportunities in new mobility life areas are becoming visible. We will maintain sales growth based on integrated mobility while continuously improving profitability."

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