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Consolidated Statements of Income ( K - IFRS ) ( Unit : KRW Million ) Total Revenue Platform 2017 1,972,326 824,707 2018 Talk Biz 258,117 Portal Biz 502 909 New Biz 502,909 63.681 Content Content Game Game 1.147.620 342,037 105,591 105,591 337,676 111,638 1018 555,421 588,933 599,293 232,281 251,057 253,010 97.587 107,139 88,544 97,567 121.723 128,367 115.545 115,545 22014 25,103 30.326 323.141 337,876 346 283 99.397 3018 4Q18 421.141 127,871 129.793 129,793 495,429 45,303 122.744 59.791 370.378 1.377.678 393.199 416.960 100,334 94033 421,141 2018 1019 673,345 2,416,992 706,312 302,967 1,039,315 313,114 126,906 2019 138,928 126,416 136,941 162,420 126,051 3019 4019 2019 1020 733,035 783,175 847,589 3,070,111 868,377 326,836 350,730 444,069 1,434,749 441,825 221,572 2020 952,853 3020 1,100,437 4020 492,690 554,401 2020 1021 QbQ 1,235,149 4,156,816 1,257,965 +22,815 650,493 2,139,409 YOY YOY + 1.8 % +389,588 + 44.9 % 668,808 +18,315 + 2.8 % +226,983 + 51.4 % 649.827 224.728 248,410 284,422 353,719 1,111,280 361,538 +7,818 +2.2 % +136,810 + 60.9 % 134,190 523,597 116,597 116.597 117,468 121,158 122,729 477,951 117,464 -5,265 -4.5 % + 00 / + 0.7 % Music 478,540 126,269 Paid Content 126,911 Business and Others 200,131 43,767 47 514 74,647 87.291 105,943 397,379 105,943 397,579 130,461 135,991 140,129 532,850 137.228 144,613 151,462 586,592 150,742 153,289 50,845 60.482 63,313 218,407 81,512 91,913 49,177 297,249 97,024 44,932 50,412 66,602 209.461 90,075 95,111 50.966 406.200 98.408 62 259 432 445 98.995 88.307 261.324 100 500 126.813 148.821 174,044 550,179 189,806 +15,762 + 9.1 % +89.306 + 88.9 % 403.519 1,635,363 403,519 1,635,363 426,552 460,163 546.036 584,657 2,017,407 2,017,407 589,157 +4,500 + 0.8 % +162,605 389,157 + 38.1 % 96,841 107,461 150,353 140.803 495,458 130,291 -10.512 495,450 -7.5 % +33,450 + 34.5 % 151,045 155,742 161,693 619.222 156,818 -4.875 -3.0 % +6,076 + 4.0 % 118,975 148,403 81,666 354,144 81,946 82.683 91,538 163,586 527,987 118.574 374,741 174,661 +11,075 + 6.8 % +77,637 +80.0 % 127.387 +8,812 + 7.4 % +45,441 + 55.5 % Operating Expenses Labor Cost Cost of Revenue Outsourcing / Infrastructure 1,806,947 420,262 843,661 545,020 227,604 Marketing Expenses 118,240 Depreciation and Amortization Cost 130,972 Miscellaneous 66,208 20,872 68,112 73,743 84,719 48,324 46,062 37,187 31,445 33,943 34.532 19,159 561,343 568,629 669.052 2.344.044 127,258 125,921 130,349 158,323 541,852 160.127 250,720 260,802 261,099 306,867 1,079,489 330,644 079,489 87,804 314,379 89,930 55,741 187,314 32,947 38,193 344,044 678,649 692,577 692,577 724,095 724,093 768,007 2,863,325 780,166 033,002 855,082 980,222 1,085,491 84,424 39,937 138,113 50,142 53,360 20,742 22,124 82,897 14,859 13,928 14,955 177.401 204,970 701,543 341.883 355,005 340,438 1,367,970 79,145 106,617 360,117 36,840 41,526 60,746 56,366 220,615 18,089 61,832 198,670 216,526 239,291 265,719 920,205 1,100,420 3,700,961 292,915 +14.929 + 1.4 % +320,254 + 41.0 % +27,196 + 10.2 % +94,245 + 47.4 % 381,664 409.484 463,745 491,549 1,746,443 493,029 +1,480 + 0.3 % +111,365 + 29.2 % 92,088 106,611 113,867 145,113 457,680 144,484 -629 -0.4 % +52,395 + 56.9 % 151,249 29,932 38,545 76,257 87,540 232,274 67,223 -20,316 -23.2 % +37,292 + 124.6 % 58,711 61,621 66.781 78,177 265,289 79,152 +976 + 1.2 % +20,441 + 34.8 % 19,101 22,295 20,279 17,393 79,068 23,616 +6.223 + 35.8 % +4.515 + 23.6 % Operating Profit 165,380 10,402 Operating Profit Margin 8.38 % 1.9 % 27,590 4.7 % 30,664 5.1 % 4,293 72,949 0.6 % 3.0 % 27,663 3.9 % 40,459 59,082 5.5 % 7.5 % 79,582 9.4 % 206,786 6.7 % 88,211 10.2 % 97,771 10.3 % 120,215 10.9 % 149,659 455,856 12.1 % 11.0 % 157,545 +7,886 12.5 % + 0.4 % p + 5.3 % +69,334 + 2.4 % p + 78.6 % Other Non - Operating Income 36,247 12,858 12.504 27,492 21,676 74,531 Other Non - Operating Expenses 90,568 14.205 13,415 24,616 33,536 85,772 8.837 16,048 Financial Income 78,947 14,559 35,388 18.429 44,077 112,453 Financial Expenses 45,744 8.585 7,140 6,500 27,918 50,143 22,801 5,729 13,463 10,955 12,193 482,216 13,319 30,091 4,176 13,770 9,359 15,142 30,070 21,385 73,755 21.747 521,412 70,386 44,000 100,713 47,984 181,908 352,353 9,541 14,582 17,642 504,299 546,064 36,847 21,324 37,364 15,945 1,987 12,160 120,571 216,106 42,578 72,670 54,440 -127,468 6,604 -497,696 47,881 -72,690 69,689 +27,111 -70.1 % -98.7 % -60.3 % + 63.7 % +32,693 + 150.3 % -2,937 -30.8 % +11,035 + 29.9 % +53,744 + 337.1 % Equity - method Income 9,036 22,151 2,093 2,769 -20,361 6.652 2.988 11,052 -8,844 -24,967 -19,771 5,280 883 3,832 -1,303 8.692 135,130 +136,434 + 10,467.3 % +129.850 + 2,459.0 % Profit before Income Tax 153.298 37,181 57,021 Income Tax 28,204 Net Profit from Continued Operations 125,094 14,649 22,494 22,531 34,527 40,854 16,870 114,781 48.238 -11,769 130.670 40,512 53,567 22,948 22,575 -28,639 15,889 17.564 30.992 88,847 -417,182 -234,257 126,599 37,392 24,753 107,668 46,699 51,454 -441.935 -341,925 79,899 58.901 145,222 204.123 179,593 35,865 143,728 -96,043 414,271 99,447 240,912 -195,490 173,360 318,703 +414.746 + 431.8 % 78,829 -20,618 -20.7 % 239,874 +435,364 + 222.7 % +192,104 + 151.7 % +32,130 + 68.8 % +159,974 + 200.2 % Net Profit from Discontinued Operations 0 0 0 0 0 0 Net Profit 125.094 14,649 22.494 Controlling Interests 108.597 13.854 Non - controlling Interests 16.497 796 EBITDAR 295,198 41.847 18,366 4,128 61.533 7.384 16,635 -28,639 -969 -9,251 -27,670 31,997 65.196 42.486 211,062 15.889 17.564 30,992 51.454 -441.935 -341,925 79,899 47.886 27.512 38,775 55.717 -423,006 -301,003 -9.948 78,113 -7,782 -4,263 -18,929 -40,922 77,461 2,439 94,190 115.809 137,478 425,590 147.765 145,222 139,761 5,461 159,126 143,728 127,526 16.202 185.221 -195,490 173,360 -189,124 155,624 -6,366 17,736 226,090 718,202 239,874 +435.364 + 222.7 % 224,536 +413,660 + 218.7 % 15.337 +21,704 + 340.9 % 236,666 +10,576 + 4.7 % +159,974 + 200.2 % +147,076 + 189.9 % +12,899 + 528.9 % +88,902 + 60.2 % 1 ) EBITDAR : Rental expenses included in lease amortization from 1Q 2019 ( EBITDA till FY2018 )