"Surpassed Last Year's Revenue in Just Three Quarters" ... Toss, Cumulative Operating Revenue of 2.9 Trillion Won

[Financial News] Toss (operated by Viva Republica) increased its cumulative consolidated operating revenue for the first three quarters of this year by at least 50% from the same period last year. This reflects balanced growth across several segments, including financial product brokerage and simple payments such as Face Pay.
According to industry sources on the 13th, Toss's cumulative consolidated operating revenue through the third quarter of this year totaled 2.9179 trillion won. That was a 51.6% increase from the same period a year earlier, and already exceeded last year's full-year figure of 2.6983 trillion won.
Third-quarter revenue alone also rose 48.7% from the same period last year, to 1.0252 trillion won. Revenue topped 1 trillion won for the second consecutive quarter.
Operating profit also rose 9.1% from the same period last year, to 264.6 billion won. Net income increased 47.3% to 238 billion won.
Toss attributed the results to growth not only in its super-app businesses, such as financial product brokerage and investment services, but also in its payments network segment, including simple payments such as Face Pay (facial-recognition payments) and payment gateway (PG) services.
A Toss official said, "The various financial services within our super app have grown in a balanced way, allowing us to surpass last year's full-year revenue ahead of schedule. We will continue investing in new growth businesses while building sustainable growth on the profitability of our core businesses."

[email protected] Kim Tae-il Reporter