Yanolja reports record Q3 earnings as it prepares for Nasdaq listing

Yanolja reported its highest-ever quarterly performance in Q3 2024, with sales of 264.3 billion won and an operating profit of 17.8 billion won. This marks a 14% increase in sales and a 47% rise in operating profit compared to last year. The company's cloud services were a major growth driver, with cloud sales reaching 91.2 billion won, up 49% year-on-year. Yanolja's cloud division has shown consistent growth, turning a profit after six years of losses. Yanolja aims to list on Nasdaq in the first half of 2025, leveraging its strong performance and innovative AI technology. The company has adopted a performance-based pricing model for its AI services, which has attracted more customers.