Toss Reports ₩914.1B in Consolidated Revenue for H1 2024

• 39.7% YoY growth in H1 consolidated revenue, Q2 turns profitable
• Proven leading competitive edge as an all-in-one financial platform

Viva Republica, the operator of the financial super app "Toss,” recorded its highest-ever consolidated revenue for the first half of 2024, reaching ₩914.1 billion, a 39.7% increase year-over-year (YoY).

Q2 Turns Profitable with, Significant Reduction in Losses

Toss posted an operating profit of ₩2.8 billion in Q2, successfully turning profitable, and significantly reducing losses. Compared to the same period last year, H1 consolidated operating loss was reduced by 91.5% to ₩9.4 billion and net loss for the period decreased by 81.8% to ₩20.1 billion. This improvement in numbers was driven by the growth of Toss’ consumer services such as loan brokerage, simple payments, ads, and tax, as well as strong performance from subsidiaries like Toss Securities.

Growth in Consumer Services: Simple Payments, Ads, Tax, and Securities

Simple payments expanded by recruiting more domestic and international merchants, alongside the growth of commerce and Brandcon. Ad services also gained traction in the market with big data-driven targeting and a diverse product portfolio. In April 2024, Toss acquired Taxassoft, operator of “SAVEIT”, launching tax services which were well received by consumers.Affiliate Toss Securities saw strong performance in international stock brokerage, achieving ₩175.1 billion in revenue and ₩30.6 billion in operating profit—exceeding its annual target within just six months.

Sustained Growth Reinforces Toss’ Leading Competitiveness as a Platform

Toss has consistently demonstrated its competitive edge as a platform with strong annual growth. In 2023, revenue surpassed ₩1.3707 trillion, growing over 20% YoY, while monthly active users (MAU) exceeded 19.1 million. “The broad-based growth across services has been the driving force behind this record performance,” said Seunggun Lee, CEO of Toss. “We will continue to provide the best financial experience and introduce innovative services for our users.”