Yanolja announced on the 14th that it has renewed its highest quarterly performance ever by recording 264.3 billion won in sales and 17.8 billion won in operating profit in the third quarter on a consolidated basis.
Adjusted EBITDA (operating profit before amortization) was KRW 34.4 billion.This increased sales by 14% year-on-year, operating profit by 47% and adjusted EBITDA by 2%.
Yanolja’s strong performance was led by Cloud, a company-to-business (B2B) business unit. Total TTV, which comes from more than 200 global countries, grew 232% year-on-year to a record 9.9 trillion won, increasing the revenue distribution of commissions and subscriptions significantly.
Sales in the cloud sector rose 49% year-on-year to 91.2 billion won, recording a growth rate of more than 40% year-on-year for five consecutive quarters since the third quarter of last year.
Operating profit and…
