Kakao Pay Posts Q1 Operating Profit of 32.2 Billion Won, Up 631% Year-on-Year

Kakao Pay announced in a regulatory filing on May 6 that its consolidated operating profit for the first quarter of this year was provisionally tallied at 32.2 billion won, a 631% increase compared to the same period last year.

Revenue came in at 300.3 billion won, up 41.7% year-on-year. Net profit reached 34.7 billion won, up 141.5%. On a quarterly basis, revenue hit an all-time high, with double-digit growth recorded across payments, financial, and platform services.

By segment, payment services generated 138.4 billion won, up 13.3% year-on-year. Financial services revenue surged 82% to 145.9 billion won, while platform services revenue grew 67% to 16 billion won during the same period.

Consolidated operating profit increased more than sevenfold compared to the first quarter of last year.

The total payment volume (TPV) on a consolidated basis for the first quarter reached 50.9 trillion won, up 15% year-on-year. Revenue TPV, which directly contributed to revenue, was 14.6 trillion won, also a 15% increase over the same period.

Kakao Pay cited as key achievements for the first quarter: growth in its payment business leveraging data competitiveness, expansion of its agentic AI ecosystem, and the growth of its insurance and investment services. Shin Wonkeun, CEO of Kakao Pay, stated, "Alongside the strong performance of our subsidiaries, our data-driven business model and new growth engines have entered a full-fledged trajectory."

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