Kakao Corp. · KRX:035720
Kakao — Q2 2026 Earnings Presentation
27 slides from Kakao's earnings presentation, Aug 6, 2026
Slide 1: Company Presentation
Company Presentation 2026. 8. 6 | Kakao Investor Relations © Kakao Corp.
Slide 2: Disclaimer
Disclaimer Financial information contained in this document is based on consolidated K-IFRS that have not been reviewed by an independent auditor. Therefore, the information and financial data of Kakao and its subsidiaries (the “Company”, or “Kakao”) contained in this document are subject to change
Slide 3: Company Overview
Company Overview Absolute Dominance of KakaoTalk Diverse Revenue Streams across Evolving into an AI Company as Korea’s No. 1 Messenger Platform and Content Business Powered by Agentic AI Expanding hyper-personalized AI services within 50M domestic MAU vs. 51M population Advertising, e-commerce, paym
Slide 4: Investment Highlights: 2Q26 Results Summary
Investment Highlights 2Q26 Results Summary • Record-high quarterly Revenue of KRW 2.1tn (+9% YoY), driven by solid platform growth, with Talk Biz growth accelerating • Record-high OP of KRW 277bn (+36% YoY, 13% OPM), driven by high-margin core business growth and operational efficiency gains • Platf
Slide 5: Kakao Apps at a Glance
Kakao Apps at a Glance Undisputed Market Leader in Korea’s Mobile Space Kakao Talk: No. 1 Mobile App in Korea 2025 Most Popular Apps in Korea by User Traffic & Usage Frequency (1) 90 40 More Frequently Used 35 Kakao Talk Users Open the App 50+ No. 1 Messenger in Korea 94% Population Penetration(3) T
Slide 6: Making Every Korean's Daily Lives Better
AI that understands everyday context Making Every Korean’s Daily Lives Better From Everyday Services to Agentic AI Vacation planning, from Kanana in Kakaotalk 10:30 PM 8:00 AM booking to payment morning briefing Search terms for 9:00 PM 9:00 AM Read webtoon in taxi new mortgage loans Get B-day Gift
Slide 7: Solid Growth and Profitability Built on Unique, Differentiated Competitive Moat
Core Business Centered on KakaoTalk Solid Growth and Profitability Built on Unique, Differentiated Competitive Moat Advertising E-Commerce Korea’s Digital Advertising Korea’s E-Commerce KRW11 tn KRW272 tn Online Ads TAM(1) Online Retail TAM(2) Advertising Inventory backed E-Commerce Platform by Uniq
Slide 8: The Kakao Group's Business Ecosystem
The Kakao Group’s Business Ecosystem Leadership Across Key Verticals With Continued Business Model Innovation Market Leadership Growth Strategy No. 1 Mobility Platform Evolve into Mobility Expand network parking & last-mile in Korea Taxi of affiliated taxis Others logistics platform Leading Deepen p
Slide 9: Key Financial Performance
Key Financial Performance Record-high operating profit driven by platform-led growth Revenue Operating Profit (Margin) 2Q26 Highlights (KRW bn) (KRW bn) Kakao (Separate) 1) Subsidiaries 2) Platform Content AI 3) OPM 13.2% TalkBiz Ads 11.4% 10.9% (2Q26 +14% YoY, +11% QoQ) 10.6% 10.6% Sustained high g
Slide 10: Appendix
Appendix
Slide 11: Corporate History
Appendix 1. Corporate History Phenomenal Growth Trajectory Along With Growing Ecosystem Key Milestones Kakao Corp Operating Revenue (Consolidated) (KRW bn) Kakao Pay Kakao Healthcare Innovative Service Launch & Incorporations Bank Brain Divestiture Business SM Ent. Acquisition Changes in Business St
Slide 12: Key ESG Initiatives
Appendix 2. ESG Kakao’s Continued Focus on ESG Initiatives ESG Ratings Rated A (2025) From MSCI ESG ratings Environment RE100(1) Upcycling Green Digital at Jeju Office Projects(2) Campaigns(3) Grade A (2025) From KCGS ESG ratings Key ESG Initiatives Top Kakao Pay1% (2025) & Bank From S&P Global for
Slide 13: Q2 2026 Earnings Results
Q2 2026 Earnings Results
Slide 14: Revenue
2Q26 Earnings Release Revenue Revenue +9% YoY / +8% QoQ Q2 MIX: Platform 59%, Content 41% Revenue (in bn KRW) Advertising and Subscription : Talk DA (Bizboard / Non-Bizboard), Platform Content Business Messaging, Network Ads Subscription and Others Talk Biz 2,098 Commerce : 2,042 Platform Talk Gift,
Slide 15: Revenue: Platform and Content
2Q26 Earnings Release Revenue Platform Content 2Q26 +17% YoY, +7% QoQ 2Q26 +1% YoY, +10% QoQ (in bn KRW) (in bn KRW) Talk Biz Platform Others Music Story Media 1,200 1,230 1,153 1,055 1,060 903 862 842 868 46% 48% 11% 789 45% 11% 12% 11% 46% 47% 12% 27% 24% 29% 26% 27% 54% 55% 52% 63% 64% 54% 53% 60
Slide 16: Platform | Talk Biz
2Q26 Earnings Release Platform | Talk Biz Advertising & Subscription 2Q26 +14% YoY, +11% QoQ (in bn KRW) ▪ (YoY/QoQ) ① Business Messaging +20% YoY, +12% QoQ, 400 400 352 353 360 Robust demand from financial advertisers, driving increased biz-messaging adoption ② Talk DA +28% YoY, +21% QoQ, by new ad
Slide 17: Platform | Platform Others
2Q26 Earnings Release Platform│Platform Others Platform Others 2Q26 +22% YoY, +12% QoQ (in bn KRW) ▪ Mobility : Solid growth in last-mile logistics, anchored 587 546 523 by stable core business performance 482 498 ▪ Pay : Record-high quarterly revenue and operating profit, propelled by strong financ
Slide 18: Content | Story
2Q26 Earnings Release Content│Story Piccoma 2Q26 -12% YoY, Flat QoQ (in bn KRW) ▪ (in JPY) GMV -1% YoY, Flat QoQ 150 148 132 133 132 ▪ (in JPY) Revenue -9% YoY, -3% QoQ ▪ Solidified market leadership as Japan’s No.1 app in gross revenue 2Q25 3Q25 4Q25 1Q26 2Q26 Entertainment 2Q26 -22% YoY, Flat QoQ
Slide 19: Content | Music, Media
2Q26 Earnings Release Content│Music, Media Music 2Q26 +8% YoY, +15% QoQ (in bn KRW) ▪ (YoY) Increased anchor IP performances with higher 565 558 MD and licensing revenue 518 526 485 ▪ (QoQ) Album and MD sales driven by major artist comeback releases 2Q25 3Q25 4Q25 1Q26 2Q26 Media 2Q26 +5% YoY, +7% Q
Slide 20: Earnings Summary
2Q26 Earnings Release Earnings Summary (in bn KRW) 2Q25 1Q26 2Q26 YoY QoQ Revenue 1,917 1,942 2,098 9% 8% Platform 1,055 1,153 1,230 17% 7% Talk Biz 573 630 643 12% 2% Platform Others 482 523 587 22% 12% Content 862 789 868 1% 10% Story 250 211 211 -16% -0.2% Music 518 485 558 8% 15% Media 94 92 99
Slide 21: Operating Expenses
2Q26 Earnings Release Operating Expenses (in bn KRW) 2Q25 1Q26 2Q26 YoY QoQ Operating Expenses 1,714 1,731 1,821 6% 5% Labor 439 445 448 2% 1% Cost of Revenue 679 701 746 10% 6% Outsourcing / 218 208 223 2% 7% Infrastructure Marketing 79 73 97 22% 33% Depreciation & 209 197 192 -8% -3% Amortization
Slide 22: Profits
2Q26 Earnings Release Profits Operating Profit(M) Net Profit(M) 2Q26 +36% YoY, +31% QoQ 2Q26 -90% YoY, -92% QoQ 1) 2) 3) Kakao (Separate) Subsidiaries AI OPM Net Profit NPM (in bn KRW) (in bn KRW) 13.2% 11.4% 10.6% 10.6% 10.9% 277 227 193 224 216 211 204 151 172 88 92 123 11.7% 96 9.8% 9.0% 174 174
Slide 23: Employees / CapEx
2Q26 Earnings Release Employees / CapEx Employees 2Q26 -2,338 YoY, -44 QoQ CapEx 2Q26 +89bn YoY, +70bn QoQ Workforce optimization and corporate restructuring Concentrated server purchases in 2Q 1) 2) Kakao Subsidiaries 1) PP&E Intangible Capex to Revenue (# of people) (in bn KRW) 16,384 16,189 15,85
Slide 24: ESG Activities
2Q26 Earnings Release ESG Activities Kakao 2025 Sustainability Report Released ▪ Released Kakao’s 2025 Sustainability Report aligned with global sustainability disclosure standards. ▪ Disclosed major ESG achievements, such as launch of Kanana Safeguard, Korea's first open-source AI guardrail Advance
Slide 25: KakaoTalk MAU
2Q26 Earnings Release KakaoTalk MAU Maintaining stable domestic MAU approaching 50 million (in thousands) 48,931 48,933 48,954 49,099 49,298 49,468 49,500 49,575 49,631 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 4Q25 1Q26 2Q26 Korea 48,931 48,933 48,954 49,099 49,298 49,468 49,500 49,575 49,631 Global 54,195 54,
Slide 26: Appendix Reclassification
2Q26 Earnings Release Revenue Appendix Reclassification Network Ads newly added under Talk Biz advertising & subscription Portal Biz revenue reclassified into each relevant business and discontinued Before After Advertising and Subscription : Advertising and Subscription : Talk DA (Bizboard / DA Oth
Slide 27: Thank You
Thank You © Kakao Corp.