KiDAR Studio reports a consolidated operating profit of 5.5 billion won for the second quarter of 2026, a 193% increase compared to the previous year

Kida Studio (stock code: 020120) announced its preliminary consolidated financial results for the second quarter of 2026 on August 11, 2026. The consolidated revenue for the second quarter was 64.4 billion won, an increase of 10.4% compared to the previous quarter (58.3 billion won) and 24.5% compared to the same period last year (51.8 billion won). Operating profit reached 5.5 billion won, a significant increase of 193% compared to the same period last year (1.9 billion won), and a 60% increase compared to the previous quarter (3.4 billion won). This demonstrates a substantial improvement in profitability, exceeding the rate of revenue growth. For the first half of the year, the company recorded revenue of 122.8 billion won and operating profit of 9 billion won. This represents a growth of 22.8% compared to the same period last year's cumulative revenue (100 billion won) and a growth of 275% compared to the same period last year's cumulative operating profit (2.4 billion won). Earnings before income tax amounted to 5.1 billion won for the current period, an increase of 203% compared to the same period last year, but a decrease of 23% compared to the previous quarter (6.6 billion won). Net profit for the second quarter was 2 billion won, a decrease of 68% compared to the previous quarter (6.3 billion won). While one-time factors, such as corporate taxes, appear to have influenced the quarterly net profit, the cumulative net profit for the first half of the year reached 8.4 billion won, an increase of 226% compared to the same period last year (2.6 billion won). The standalone performance is in contrast to the consolidated results. The standalone revenue for the second quarter was 27.8 billion won, an increase of 14.7% compared to the same period last year, but the standalone operating profit was 0.6 billion won, a decrease of 59.2% compared to the same period last year. Considering the consolidated operating profit of 5.5 billion won, this indicates that the subsidiaries are contributing significantly to the overall profitability. These results are preliminary figures that have not yet been audited by an external auditor, and there may be differences between the preliminary and final results. Kida Studio operates content platforms such as webtoons and web novels, and this announcement reflects the trend of increasing profitability contributions from its subsidiaries.