1Q26 consolidated revenue 23.4bn won (+33% YoY), operating profit 9.7bn won (+77% YoY), net profit 11.8bn won (+126% YoY)
Subscription fee hike (11-12%) and global IP expansion (QQ Music bubble in China, the bubble in North America) drove top-line growth and margin improvement
Cash & equivalents + short-term financial instruments: 181.2bn won; debt-to-equity ratio 18.95% - very sound financial position
Dividends payable of 7.5bn won (approx. 316 won per share) reflects continued shareholder return
FX risk: a 10% change in USD/JPY assets impacts pretax profit by 10.4bn won
A 5bn won lawsuit settled (binding mediation in second instance), eliminating contingent liability