- Operating profit for Q3 2024 rises by 30% YoY, net profit surges by 87%, reflecting successful performance improvements
- Collaboration with Yoon Design, acquired in June, cited as a key driver
- Aiming to expand its entertainment font business globally
November 14, 2024 (Thursday)
Sandoll, a content creator platform company (CEO: Young-ho Yun), announced its financial results for the third quarter of 2024 on the 14th.
In Q3, Sandoll achieved a revenue of 4.5 billion KRW, with an operating profit of 1 billion KRW and a net profit of 600 million KRW. The operating profit grew by 30% compared to the same period last year, and the net profit rose by an impressive 87%, marking significant improvement in Q3 results.
The primary contributor to Sandoll’s growth in Q3 was the synergy generated from its collaboration with Yoon Design, acquired in June. Since the acquisition, Yoon Design’s business was quickly stabilized through reinforced platform services and enhanced font development sales capabilities, which helped turn an operating profit in Q3. Going forward, Sandoll and Yoon Design plan to expand their business synergy through joint marketing, platform operations, and font technology exchange.
Additionally, the restructuring efforts aimed at optimizing subsidiary operations, a priority throughout the first half of the year, also contributed to the improved performance. Sandoll plans to complete further efficiency initiatives in underperforming areas by next year, with a focus on sustainable growth through enhanced management efficiency.
Furthermore, Sandoll intends to expand its entertainment font business as a core driver of its global growth strategy. The company has already secured diverse IP for multilingual entertainment fonts, strengthening its product competitiveness. Through collaboration with various partners across iOS and Android ecosystems, Sandoll expects to achieve visible outcomes in this growing market.
A Sandoll representative stated, “Through our synergy with Yoon Design, we have strengthened our business competitiveness and turned around our profitability with structural adjustments and operational efficiency. Moving forward, we will continue to focus on streamlining operations, while pursuing advancements in AI technology and visible progress in new business ventures to establish a foundation for sustainable growth.”
November 14, 2024 (Thursday)
Sandoll, a content creator platform company (CEO: Young-ho Yun), announced its financial results for the third quarter of 2024 on the 14th.
In Q3, Sandoll achieved a revenue of 4.5 billion KRW, with an operating profit of 1 billion KRW and a net profit of 600 million KRW. The operating profit grew by 30% compared to the same period last year, and the net profit rose by an impressive 87%, marking significant improvement in Q3 results.
The primary contributor to Sandoll’s growth in Q3 was the synergy generated from its collaboration with Yoon Design, acquired in June. Since the acquisition, Yoon Design’s business was quickly stabilized through reinforced platform services and enhanced font development sales capabilities, which helped turn an operating profit in Q3. Going forward, Sandoll and Yoon Design plan to expand their business synergy through joint marketing, platform operations, and font technology exchange.
Additionally, the restructuring efforts aimed at optimizing subsidiary operations, a priority throughout the first half of the year, also contributed to the improved performance. Sandoll plans to complete further efficiency initiatives in underperforming areas by next year, with a focus on sustainable growth through enhanced management efficiency.
Furthermore, Sandoll intends to expand its entertainment font business as a core driver of its global growth strategy. The company has already secured diverse IP for multilingual entertainment fonts, strengthening its product competitiveness. Through collaboration with various partners across iOS and Android ecosystems, Sandoll expects to achieve visible outcomes in this growing market.
A Sandoll representative stated, “Through our synergy with Yoon Design, we have strengthened our business competitiveness and turned around our profitability with structural adjustments and operational efficiency. Moving forward, we will continue to focus on streamlining operations, while pursuing advancements in AI technology and visible progress in new business ventures to establish a foundation for sustainable growth.”