Business · Companies · 3 hrs ago
Kakao posts record third-quarter results and plans share buyback
Kakao recorded its strongest third-quarter results on record.
The company has not yet introduced a notable service from its artificial intelligence business.
Its shares have struggled despite the record results.
Kakao said it would buy back and cancel 150 billion won in shares.
The company said the move is intended to support its share price.
The announcement sets out Kakao’s plan, but no further steps or timing were given.
Kakao recorded its highest-ever results for a third quarter.
The company announced plans to buy back and retire 150 billion won worth of its own shares.
Kakao said the move was intended to support its share price.
Its share price had been weak as it had yet to launch a notable artificial intelligence service.
- Who
- Kakao.
- What
- It reported record third-quarter results and announced a 150 billion won share buyback and retirement.
- When
- The article was published on November 5, 2026; the results period was the third quarter.
- Where
- Not stated.
- Why
- Kakao said the share buyback was intended to support its share price.
This story does not have two clearly opposing sides.
This story does not have a timeline yet.
- Third-quarter results
- Highest-ever results for a third quarter
- Share buyback
- 150 billion won
- Share retirement
- Kakao plans to retire the shares it buys back
- Share price
- Described as weak
- AI services
- No notable service had yet been launched