Global travel tech company Yanolja said on Thursday it posted first-quarter consolidated revenue of 236.7 billion won this year. That was up 8.5 percent from a year earlier.

First-quarter adjusted earnings before interest, taxes, depreciation and amortisation (EBITDA) was 5.8 billion won. It said profitability was affected by upfront investment spending to internalise AI and data capabilities and volatility in the global travel market.

Total transaction value grew 31.9 percent from a year earlier to 9.5 trillion won. Overseas accounted for 76 percent of total transaction value. The enterprise solution segment drove about 89 percent of the increase in total transaction value.

By segment, enterprise solution revenue rose 13.8 percent from a year earlier to 72.1 billion won. Adjusted EBITDA fell 47.5 percent to 6.4 billion won due to investment in internalising AI and data capabilities.

Consumer platform revenue rose 7.0 percent to 168.9 billion won. It said domestic travel and leisure demand and an expansion in air travel and outbound overseas travel transactions supported results. Monthly average users of Nolworld, an inbound platform exclusively for foreign visitors, rose 24-fold in the first quarter from a year earlier, and revenue increased 288 percent. Adjusted EBITDA for the consumer segment fell 51.9 percent to 10.0 billion won due to expanded outbound marketing investment.

A Yanolja official said, "We plan to continue investment in internalising and advancing technology to secure AI competitiveness, while systematically managing investment efficiency and a path to restoring profitability."