Kakaopay Corp.KRX: 377300

Kakao Pay: Q3 revenue and TPV up 17% year-over-year, but net loss driven by one-off bad debt expense

· Issued by Kakaopay Corp.

Q3 2024 saw 17% year-over-year TPV and revenue growth, but a net loss due to a one-off bad debt expense. Payment, securities, and insurance segments all posted strong growth, with user activity and merchant base expanding. Regulatory and macro headwinds remain.

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