Plitto, ₩25.8B Sales, ₩5.4B Operating Profit Up to Q3

AI data and solutions company Flitto is drawing market attention by announcing impressive performance. This year's Q3 cumulative revenue reached 25.8 billion won, a sharp 75% increase compared to the same period last year, and operating profit recorded 5.4 billion won, successfully turning to profit. Notably, it has demonstrated a stable growth trajectory by maintaining an operating profit surplus for five consecutive quarters. In the single Q3 period, it achieved a remarkable 11.8 billion won in revenue, surpassing 10 billion won for the first time since its founding, and an all-time high operating profit of 2.8 billion won. As a result, its annual revenue has already exceeded last year's performance, and achieving an annual operating profit surplus this year is also expected to be smooth. The key driving force behind Flitto's leapfrogging growth is the sale of AI training language data. Despite market concerns about a decrease in global data demand, Flitto dispelled these worries with overwhelming performance, announcing six large-scale orders this year alone. This demonstrates that Flitto's unique data quality competitiveness and its strategy of securing various types of data, including voice and image, have been effective. Furthermore, Flitto's AI translation and interpretation solutions are being actively supplied and recognized not only by global big tech companies like Apple, Meta, and Amazon Web Services (AWS) but also at major international events such as the World Knowledge Forum and APEC. It is rumored that customer satisfaction and repurchase rates are very high due to the excellent translation and interpretation quality and convenient usability. Recently, Flitto has further expanded its service area by unveiling the beta version of 'Chat Translation,' a real-time online meeting AI translation and interpretation solution incorporating hyper-personalization technology. Moreover, having earned the title of "National Representative AI" company, Flitto is expected to directly benefit from government-led AI infrastructure expansion policies. In line with the global spread of K-culture, Flitto is also exploring business opportunities and creating synergy in various industries where multilingual services are essential, such as beauty, entertainment, and tourism. Flitto CEO Lee Jeong-soo emphasized that the current growth is the result of challenges taken by anticipating market changes, and he unveiled a vision to lead the future AI market by focusing on the development of voice, image data, and hyper-personalized AI services. Flitto is expected to open new horizons in the AI industry through continuous innovation.