Toss Reports ₩502.1B in Consolidated Revenue for Q3
ㆍby toss
- Balanced growth across all Toss services, with cumulative revenue surpassing ₩1.4 trillion in Q3
- Q3 consolidated operating profit reaches ₩10.9 billion, net profit exceeds ₩3.9 billion, marking a turnaround to profitability
Viva Republica, the operator of the financial super app "Toss," announced that it recorded a Q3 consolidated revenue of ₩502.1 billion, achieving 47.5% year-over-year growth and setting a new quarterly record.
Cumulative consolidated revenue for the year reached ₩1.4163 trillion, surpassing the ₩1.3707 trillion recorded in 2023. This was driven by balanced growth across Toss’ consumer services, including ads, Tosspay (simple payment), and loan brokerage. In particular, the rapid growth of Toss’ ads business, supported by its 19.1 million Monthly Active Users (MAU), played a key role in this performance.
Toss also achieved a quarterly turnaround to profitability, reporting a consolidated operating profit of ₩10.9 billion and a net profit of ₩3.9 billion. This was largely attributed to strong performances from affiliates, including Toss Securities, which recorded an operating profit of ₩29.6 billion, driven by the growth of its international stock trading business.
"With the balanced growth of Toss services and strong performance across our affiliates and partners, we achieved our highest-ever quarterly revenue and turned profitable in terms of both operating and net profit,” said Seunggun Lee, CEO of Toss. “We will continue to focus on healthy platform growth that ensures both revenue and profitability."