trending Market Intelligence /marketintelligence/en/news-insights/trending/34K4KKDZ9Y0QqdCYMa-GkA2 content esgSubNav
In This List

ADTechnology swings to loss in Q1

Podcast

Next in Tech | Episode 50: InfoSec spending up, again…

Blog

Broadcast deal market recap 2021

Podcast

Next in Tech | Episode 49: Carbon reduction in cloud

Blog

Price wars in India: Disney+ Hotstar vs. Amazon Prime Video vs. Netflix


ADTechnology swings to loss in Q1

ADTechnology Co.Ltd. said its first-quarter normalized net income was a loss of 104.34 South Korean won per share, compared with 113.02 won per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of 839.8 million won, compared with income of 935.4 million won in the prior-year period.

The normalized profit margin dropped to negative 13.1% from 7.5% in the year-earlier period.

Total revenue fell 48.4% on an annual basis to 6.41 billion won from 12.42 billion won, and total operating expenses declined 32.7% on an annual basis to 7.45 billion won from 11.07 billion won.

Reported net income came to a loss of 1.32 billion won, or a loss of 165.32 won per share, compared to income of 1.41 billion won, or 170.00 won per share, in the prior-year period.

As of May 16, US$1 was equivalent to 1,177.43 South Korean won.