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KakaoTalk Reveals $45 Million Revenue, $7 Million Profit

krish raghav
2002-12-08 12.00.00
2002-12-08 12.00.00

During his Coffee Chat session at our Startup Asia 2013 event, Kakao co-CEO Sirgoo Lee dropped a surprise figure on us: KakaoTalk made $7 million in profit in 2012, from revenues of $45 million. That's from just over 80 million users of KakaoTalk. While he declined to go into further detail, he did reveal that the app's gaming platform contributed a "significant" chunk of that figure. Kakao's undoubtedly had an interesting year. They've expanded aggressively into Southeast Asia and Japan, and held their own against competitors like Japan's Line and China's Wechat. Follow further updates on Startup Asia here, or on twitter at @techinasia.
The post KakaoTalk Reveals $45 Million Revenue, $7 Million Profit appeared first on Tech in Asia.