SEOUL -- South Korean internet company Kakao's operating profit doubled on the year in the third quarter as the coronavirus pandemic boosted revenue across its suite of online and digital services, which included gaming, internet banking and its popular chat app KakaoTalk.
Kakao announced Thursday that its operating profit hit 120.2 billion won ($106.3 million) in the July-September period, up 103% year-on-year. Its sales jumped 41% to 1.1 trillion won during the same period, with net profit soaring 179% to 143.7 billion won.
