kt Millie's Library Achieves 3.7 Billion KRW Operating Profit in Q1... "Subscription Fee Increase" "200 Billion KRW Annual Investment for 3 Years"

KT Millie's Library Achieves 20 Billion KRW in Q1 Sales
18.9% Growth Year-on-Year
Operating Profit Reaches 3.7 Billion KRW, Up 29.6%

The reading platform KT Millie's Library announced on May 12, 2025, that it achieved record-breaking results in the first quarter, posting sales of 20 billion KRW and operating profit of 3.7 billion KRW, the highest since its founding.

According to Millie's Library, first-quarter sales grew by 18.9% compared to the same period last year (16.8 billion KRW), while operating profit (2.8 billion KRW) increased by 29.6%.

Millie's Library explained that the steady increase in cumulative subscribers drove these strong results. As of the first quarter of 2025, the cumulative number of subscribers to Millie's Library stands at approximately 8.9 million.

A representative from Millie's Library stated, "The 'Text Hip' trend that gained momentum last year has continued into this year, maintaining high interest in reading. As a result, the number of new subscribers has continued to grow. In addition, diversifying content based on books and introducing reading features utilizing artificial intelligence (AI) have also contributed to attracting new users by meeting their reading needs."

Millie's Library is focusing on diversifying its content and integrating its online and offline services. Starting in the second half of the year, the company plans to expand its portfolio into the story content sector, including web novels and webtoons. It is also establishing offline hubs called 'Millie Place' in various locations nationwide. Currently, it has set up hubs in 40 regions, including partner cafes, and plans to increase this number to 100 by the end of the year.

To achieve these goals, Millie's Library plans to make strategic investments of 20 billion KRW annually over the next three years, aiming to reach sales of 150 billion KRW by 2027. The company has sufficient investment capacity, with retained earnings of 63 billion KRW as of December last year. In addition, it plans to raise funds for investment by increasing subscription fees by about 20%. In April, Millie's Library announced that it would raise the subscription fee for new subscribers from 9,900 KRW to 11,900 KRW.

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