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Kakao reports Q3 operating profit of 240.3 billion won, up 7% year-on-year, and plans 150 billion won share buyback
Kakao reported a 7% year-on-year increase in third-quarter operating profit to 240.3 billion won, driven by growth in advertising sales, while revenue rose 6% to 2.09 trillion won. The company also announced plans to expand its AI-driven advertising business and repurchase 150 billion won (approximately $112 million) worth of shares for cancellation.
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