Yanolja Reports 153.7 Billion KRW in Q1 Revenue, Up 56% Year-on-Year

Yanolja announced on the 30th that its consolidated sales for the first quarter of this year reached 153.7 billion KRW, a 56% increase compared to 98.2 billion KRW in the same period last year.

Operating profit for the same period turned to a loss of 12 billion KRW, compared to an operating profit of 6.7 billion KRW in the first quarter of last year, and net profit also turned to a loss of 16.747 billion KRW, compared to a net profit of 10.3 billion KRW in the same period last year. Adjusted EBITDA (earnings before interest, taxes, depreciation, and amortization), excluding intangible asset amortization and stock option expenses, recorded 1.9 billion KRW, continuing its profitability.

By segment, Yanolja Platform segment sales grew 9% year-on-year to 82.2 billion KRW, driven by increased overseas sales and growth in non-accommodation sectors such as leisure. Adjusted EBITDA maintained profitability at 11.1 billion KRW.

Yanolja Cloud segment sales grew 56% year-on-year to 28.4 billion KRW. The increase in channeling sales of Yanolja Cloud Korea, steady growth of key subsidiaries, and the new consolidation of Insoft and GustoX contributed to the consolidated sales growth. Adjusted EBITDA also improved, narrowing the loss to 4.6 billion KRW, supported by the subsidiaries' performance growth.

Interpark recorded sales of 47.8 billion KRW as the tour segment sales increased due to the revitalization of overseas travel following the endemic (periodic outbreak of infectious diseases). However, adjusted EBITDA recorded a loss of 4.5 billion KRW due to the sale costs of the commerce segment and related one-time expenses.

A Yanolja representative said, "Despite inflation and economic slowdown across the global economy, we continued growth by encompassing a diverse portfolio including overseas travel, domestic accommodation, and leisure. Based on Yanolja's stable performance growth, we will continue efforts to leap forward as a global travel tech company by laying the foundation for results in the global market through the full-scale growth of key members such as Interpark and Yanolja Cloud, as well as the acquisition of GGT (Go Global Travel)."