Soop (067160) Q1 2025 earnings summary

Executive summary

• Q1 2025 revenue reached KRW 107.7 billion, up 14% YoY but down 4% QoQ, with strong focus on streamer support, AI integration, and business model enhancements.

• Net profit for Q1 2025 was KRW 27.1 billion, up 4% QoQ and 10% YoY; operating profit rose to KRW 32.7 billion, up 18% QoQ and 15% YoY, with an OPM of 30.4%.

• Acquisition of PlayD completed in April, consolidating digital marketing and advertising capabilities.

• Launched new AI tools (SOOPi, SARSA) and prepared a major branding campaign, Soop Adventure, to boost platform engagement.

• Maintains a robust financial position with stable cash flows, low debt, and consistent dividend policy.

Financial highlights

• Q1 2025 consolidated revenue: KRW 107.7 billion, up 14.1% YoY; platform revenue: KRW 84.9 billion, up 3% QoQ and 8% YoY; advertising revenue: KRW 21.9 billion, down 22% QoQ, up 30–49.5% YoY.

• Operating expenses: KRW 74.9 billion, down 11% QoQ, up 14% YoY; operating profit: KRW 32.7 billion, OPM 30.4%.

• Net income: KRW 27.1 billion, up 4% QoQ, up 10% YoY; basic EPS: KRW 2,507.

• Cash and cash equivalents: KRW 223.4 billion; debt ratio: 24%.

• Dividend payout for 2024: KRW 15.99 billion (KRW 1,500 per share), payout ratio 15.8%.

Outlook and guidance

• Expecting double-digit growth in platform revenue for the year, driven by new content and global expansion.

• PlayD acquisition to impact results from Q2 onward, with anticipated synergies and seasonal revenue boost.

• Large-scale branding campaign to launch in May, targeting both domestic and international markets.

• Continued investment in esports, social content, AI-driven streamer tools, and live commerce.

• Ongoing commitment to stable dividends and flexible treasury share policies.