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Wireless

Daum Kakao's Q2 net income plunges 62%

Thursday 13 August 2015 | 09:34 CET | News
South Korean mobile messaging services provider Daum Kakao's combined revenue for the second quarter of 2015 reached KRW 226.4 billion, which represents an increase of 1 percent from KRW 225.1 in the second quarter of 2014. Net profit for the quarter plunged 62 percent year-on-year to KRW 21.3 billion, from KRW 55.8 billion in June 2014. Revenue from advertising for the quarter was KRW 150.7 billion, an increase of 2 percent year-on-year, and revenue from games was KRW 53.9 billion, down 14 percent compared to the second quarter of 2014. The commerce sector grew 55 percent to KRW 13.6

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Categories: Mobile & Wireless
Companies: Daum Kakao
Countries: Korea, Republic of
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