[Market Focus] Pluto Soars Over 20% on 'Earnings Surprise'

Pluto, a company specializing in artificial intelligence (AI) data, is showing strong performance on October 28, buoyed by its third-quarter earnings surprise.

As of 1:56 p.m. on this day, Pluto shares on the KOSDAQ market were trading at 17,730 won, up 22.61% from the previous trading day. The stock opened lower at 14,460 won but reversed course to climb, reaching as high as 17,830 won during the session.

On this day, Pluto announced that its consolidated third-quarter sales reached 11.8 billion won, with operating profit at 2.8 billion won. This marks the fifth consecutive profitable quarter and the highest quarterly operating profit since the company's founding. Cumulative sales for the first to third quarters of this year totaled 25.8 billion won, a 75% increase compared to the same period last year, already surpassing last year's annual sales. Cumulative operating profit reached 5.4 billion won, and the company is expected to remain in the black for the year.

Sales of language data for AI training drove the company's performance growth. With competitive data quality and diversification into various data types such as voice and image, Pluto secured six large-scale projects this year alone. The AI interpretation and translation solutions business is also expanding. Pluto is supplying AI interpretation and translation solutions not only to major big tech companies such as Apple, Meta, and Amazon Web Services (AWS), but also to large-scale domestic and international events, including APEC and the Ministry of Science and ICT.