Yanolja's Q1 GMV Exceeds ₩7 Trillion, Reaching All-Time High

Yanolja Achieves Record-Breaking Performance in Q1 2024…Strengthening Global Travel Tech Leadership Global travel tech company Yanolja cemented its presence in the global market by achieving unprecedented performance in the first quarter of 2024. This quarter's Aggregate TTV surged by an astonishing 188.2% year-over-year to 7 trillion won, setting a new all-time high for quarterly performance. Particularly noteworthy is Yanolja's successful global expansion strategy. Even amid an unstable international political landscape, the proportion of overseas transaction volume, excluding Korea, increased by approximately 50 percentage points year-over-year to 74%. Strong performance in key overseas markets such as Europe, the Middle East, and the Americas demonstrated that Yanolja has evolved beyond domestic borders into a true global player. Financially, solid growth was also observed. Yanolja's consolidated revenue for Q1 reached 218.2 billion won, a 9.6% increase year-over-year, and adjusted EBITDA hit 23.4 billion won. The primary driver behind this performance was undoubtedly the Enterprise Solutions division. This segment recorded 68.5 billion won in revenue, a 32.9% increase year-over-year, leading overall growth. Notably, AI-based data solution revenue surged by over 133%. Yanolja Cloud recorded an adjusted EBITDA of 12.5 billion won, showcasing a high-profit margin of 18.2% and demonstrating the contribution of high-value AI solutions. The Consumer Platform division also maintained a solid performance. Revenue increased by 1.1% to 157.9 billion won, and adjusted EBITDA reached 20.6 billion won, indicating continued stable operations. Despite unfavorable external conditions such as domestic and international issues and delayed recovery of long-distance travel, the cross-selling strategy centered around 'Nol Universe' proved effective, successfully maintaining platform utilization rates. Industry insiders analyze Yanolja's performance as a synergistic result of global market expansion and technology-driven management. They assess that in a situation where the domestic travel industry's recovery is not yet complete, a proactive and bold entry into the global market played a crucial role in improving performance. A Yanolja official stated, "Continued expansion of our global network, the strong growth of AI data solutions, and high growth in the Enterprise Solutions business are driving our performance." They added, "We will continue to strengthen our global expansion strategy by leveraging AI-based travel tech and pursue sustained growth and profitability improvements." Yanolja anticipates an accelerated recovery in the global travel market in the second half of the year, coinciding with the summer holiday season, and maintains a positive outlook for its full-year performance.