External broker reports(aggregated public sources), Mirae Asset Securities

Mirae Asset Securities

Leading full-service brokerage firm in Vietnam. 

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

External broker reports(aggregated public sources)

Equity Bottom-Up

<ul><li>For 2Q25, Kakao reported revenue of W2.03tr (+1% YoY; 4% above the consensus of W1.95tr) and operating profit of W186bn (+39% YoY; 48% above the consensus of W125bn).</li><li>Platform revenue rose 10% YoY to W1.06tr (3% above expectations), driven by strong performances from Kakao Pay and Kakao Mobility.</li><li>Talk Biz revenue was W542bn (+7% YoY), in line with expectations. Content revenue came in at W973bn (-7% YoY), exceeding expectations by 7% thanks to solid results from Kakao Story and the media segment. </li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

For 2Q25, Kakao reported revenue of W2.03tr (+1% YoY; 4% above the consensus of W1.95tr) and operating profit of W186bn (+39% YoY; 48% above the consensus of W125bn).Platform revenue rose 10% YoY to W1.06tr (3% above expectations), driven by strong performances from Kakao Pay and Kakao Mobility.Talk Biz revenue was W542bn (+7% YoY), in line with expectations. Content revenue came in at W973bn (-7% YoY), exceeding expectations by 7% thanks to solid results from Kakao Story and the media segment. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Kakao (035720 KS/Buy)Poised for a Strong Fall Season

Kakao Corp

Kakao (035720 KS/Buy)Poised for a Strong Fall Season