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Mobility
TMap Mobility posts Q2 EBITDA of 4.4 billion won, swings to profit year on year
TMap Mobility said on Thursday it posted second-quarter EBITDA of 4.4 billion won, up 3.6 billion won from a year earlier. Revenue rose 7.4 percent to 74.4 billion won. The company said monthly operating profit turned positive in June, pointing to potential improvement in full-year results. It said growth was led by its mobility data and solutions business, alongside gains in TMAP AUTO, UBI insurance and API and data services.
Industry
Tmap Mobility Q1 revenue 62.2 billion won, up 4.3 percent on year
Tmap Mobility said on May 14 it posted first-quarter revenue of 62.2 billion won, up 4.3 percent from a year earlier. Earnings before interest, taxes, depreciation and amortisation improved by 1.7 billion won from a year earlier. The company said expanding businesses centred on mobility data and AI helped improve profitability. Growth was led by mobility data and solutions, while TMAP AUTO and API and data businesses also rose.
Telecommunications & Media
Mobility platforms return to profitability amid intensifying margin battle
South Korea’s three mobility platforms improved profitability last year, led by Socar’s operating profit of 23.2 billion won and TMAP Mobility’s first annual net profit of 23.3 billion won. Kakao Mobility also raised profitability by close to 20 percent. The companies cut or reshuffled non-core operations and expanded data- and AI-based revenue models. Each is now focusing on core strengths, including car sharing, data expansion and physical AI and autonomous driving.
