AfreecaTV Reports Earnings Results for the Fourth Quarter and Full Year of 2020
February 07, 2021 at 08:30 pm EST
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AfreecaTV reported earnings results for the fourth quarter and full year of 2020. For the quarter, the company reported total revenue of KRW 60.3 billion, recording 39% growth year over year. Operating income was KRW 17.2 billion, which is a 135% growth year over year.
For the year, the company reported KRW 196.6 billion, growing by 17% year over year. Operating income was KRW 50.4 billion, recording a 37% growth year over year.
Soop Co Ltd, formerly AfreecaTV Co Ltd, is a Korea-based company principally engaged in the provision of one person media platform services. The Company provides functional items such as donation economy gifts such as star balloons and subscriptions, and paid item products such as quick view and gold through the platforms. In addition, the Company uses AfreecaTV's platform and infrastructure to provide advertisements by providing content that fits the marketing concept of advertisers. The Company also operates multi-platforms such as open studios.
SOOP CO., LTD. 
