SOOP posted weak results in the first quarter of this year due to a decline in paid transactions.
SOOP said on the 30th that first-quarter revenue was 106 billion won, down 1.5% from a year earlier. Operating profit came to 21.2 billion won, down 24.1% in the same period.
Results were sluggish due to a decline in revenue in the platform institutional sector. Platform revenue, which includes paid streaming subscriptions and support items, was 74 billion won, down 12.8%. Paid transactions by users decreased.
In contrast, advertising revenue in the institutional sector was 30.5 billion won, up 39.6%. Of that, content-type ads rose 24.9% to 14.2 billion won.
Starting in the second quarter, SOOP plans to expand cooperation based on account and data integration with major game companies to boost user inflow and engagement.
It also plans to steadily expand an ecosystem in which live streaming and community activities naturally continue on the basis of diverse content by continuing content collaborations linked to the intellectual property (IP) of various partners such as federations, associations, organizations, and corporations.