Soop Full Year 2024 Earnings: EPS: ₩9,302 (vs ₩6,874 in FY 2023)

Soop (KOSDAQ:067160) Full Year 2024 Results

Key Financial Results

• Revenue: ₩429.1b (up 23% from FY 2023).
• Net income: ₩99.1b (up 33% from FY 2023).
• Profit margin: 23% (up from 22% in FY 2023). The increase in margin was driven by higher revenue.
• EPS: ₩9,302 (up from ₩6,874 in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Soop Earnings Insights

In the last 12 months, the only revenue segment was Internet Business contributing ₩429.1b. Notably, cost of sales worth ₩314.7b amounted to 73% of total revenue thereby underscoring the impact on earnings. The most substantial expense, totaling ₩15.2b were related to Non-Operating costs. This indicates that a significant portion of the company's costs is related to non-core activities. Explore how A067160's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 8.1% growth forecast for the Interactive Media and Services industry in Asia.

Performance of the market in South Korea.

The company's shares are down 12% from a week ago.

Risk Analysis

We don't want to rain on the parade too much, but we did also find 1 warning sign for Soop that you need to be mindful of.

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