Kakao posts record sales in Q3

Kakao Corp, the operator of South Korea's main mobile messaging app Kakao Talk, posted record sales in the third quarter thanks to its robust content business.
The company's sales hit a record high of 675 million U.S. dollars in the July to September period, up 31 percent on-year.
Operating profits surged over 90 percent on-year to more than 50 million dollars.
Kakao said the revenue from its platform business jumped near 40 percent on-year on the back of businesses including B2B service KakaoTalk Biz Board and Kakao Pay.
Revenue from its content business also increased thanks to its music streaming service, Melon.