Yogiyo "Black Ink for 3 Consecutive Months Starting October"

Achieving EBITDA Turned Positive

Delivery app Yogiyo announced on the 18th that it has succeeded in turning profitable based on EBITDA (earnings before interest, taxes, depreciation, and amortization). Despite intense competition in free delivery, Yogiyo recorded profits starting in October and has maintained a profit trend for three consecutive months through November and December. Yogiyo stated that this profitability turnaround is not a result of temporary cost-cutting or short-term measures but a structural improvement that strengthened the sustainability of profitability and cost structure.

Yogiyo explained that the profitability turnaround was driven by the growth of its free delivery membership service, YogipassX, and efficient marketing strategies. After surpassing 1 million subscribers in November, YogipassX has maintained stable growth, exceeding 1.3 million subscribers as of December. Yogiyo analyzed that diversifying membership partnership channels and introducing new discount services, which enhanced customer lock-in effects, were also contributing factors.

Yogiyo also increased customer satisfaction by launching new services such as “Discount Ranking” to enhance customer benefits even in an era of high inflation. Since August this year, it introduced the “Yogiyo Light Plan,” which proactively lowered the basic delivery brokerage fee, and has been practicing win-win management plans such as a brokerage fee refund program for small businesses (lower sales companies) through a win-win agreement aimed at co-prosperity with small business owners.

Kwon Tae-seop, CFO and co-CEO of Yogiyo, said, “Despite the slowdown in the delivery market growth and fierce competition, Yogiyo has established a sustainable profit structure through operational efficiency and secured a stable financial environment.” He added, “This achievement is the result of the company’s efforts to improve its structure.” CFO Kwon further stated, “Based on this, we will realize profitability enhancement and sustainable structural growth by 2025.”