Soop (067160) Q1 2026 earnings summary

Executive summary

• Q1 2026 revenue was KRW 106.0 billion, down 8.7% sequentially and 1.5% year-over-year, with net income of KRW 22.5 billion and operating profit of KRW 21.2 billion, operating margin at 20.0%.

• The platform operates a leading live streaming 1-person media service, maintaining a strong market position in Korea and expanding globally.

• Strategic partnerships, such as with Nexon, and acquisitions like PlayD, aim to expand user base, platform activity, and digital advertising capabilities.

Financial highlights

• Platform revenue was KRW 74.0 billion, down 4.5% sequentially and 12.8% year-over-year, while advertising revenue was KRW 30.5 billion, down 17.9% sequentially but up 39.6% year-over-year.

• Operating expenses (SG&A) were KRW 84.8 billion, down 0.9% sequentially and up 6.4% year-over-year.

• Basic EPS for Q1 2026 was KRW 2,098.

• Cash and cash equivalents at Q1 2026 were KRW 119.0 billion.

Outlook and guidance

• Recovery in platform revenue is expected in Q2 2026, driven by account integration, in-app purchases, and return of major streamers.

• Focus remains on platform expansion, content diversification, global market entry, and leveraging AI for user experience and advertising efficiency.