[Announcement+] The E&M, Achieves Record High Performance with Growth in Live Streaming Platform... "Revenue Up 61.1% YoY"

[Asia Economy Reporter Yoo Hyun-seok] THE E&M, a comprehensive online platform company, announced on the 17th that it achieved its highest annual performance ever due to the growth of its flagship live personal broadcasting platform, PopcornTV.

According to a disclosure on the 14th, THE E&M reported consolidated financial statements showing that last year's sales increased by 61.1% compared to the same period the previous year, reaching 49.7 billion KRW. Operating profit during the same period rose by 48.0% to 7.9 billion KRW, and net profit was 2.0 billion KRW. Total comprehensive income, including other comprehensive income, recorded 20.3 billion KRW.

PopcornTV, the company's core business and online live personal broadcasting platform, has seen continuous growth in payment amounts within the platform as the number of subscribers consuming paid video content increases.

As of the end of last year, PopcornTV's subscriber count reached 1.83 million, an increase of approximately 450,000 in one year. Monthly active users (MAU) surpassed 40,000 for the first time last year. The average monthly payment amount per paid viewer (ARPPU) is 180,000 KRW, the highest figure among domestic online paid content platforms.

A company representative stated, "The main viewers of PopcornTV are mostly in their 20s and 30s with strong purchasing power, resulting in a significantly higher average monthly payment amount compared to competitors in the personal broadcasting platform market. The upward trend in payment amounts is expected to continue this year, so the growth momentum in performance is likely to persist."

Meanwhile, THE E&M disclosed on the 14th that it incurred losses from derivative transactions. A company representative emphasized, "The derivative financial instrument valuation loss incurred this time is due to the fair value assessment of convertible bonds (CB) issued by the company, and it is a book valuation loss without actual cash outflow. Although it appears that a large-scale loss occurred due to derivative transaction losses, it does not represent a substantive loss."