Yanolja Reports 2024 Financial Results
Record Aggregate TTV Growing 186% Year-Over-Year
Enterprise Solutions Revenue Grew 62% Year-Over-Year
NEW YORK, March 31, 2025 /PRNewswire/ -- Yanolja Co., Ltd., ("Yanolja") a global travel technology company, today announced its full-year 2024 results under Korean International Financial Reporting Standards (K-IFRS).
Sujin Lee, Chairman and CEO of Yanolja, shared, "We concluded the year with record-breaking financial performance across both our Enterprise Solutions and Consumer Platform, engaging with more travel enterprises and travelers than ever before. Particularly, our Enterprise Solutions reported an impressive 62% year-over-year increase in revenue, highlighting the substantial scale and growth potential of this segment globally." He continued, "I am incredibly proud of Yanolja and our teams for their relentless dedication and innovative spirit in driving our customers' success. As we advance our mission to revolutionize the travel industry, our recent strategic partnerships with Google Cloud and Amazon Web Services in addition to our collaboration with OpenAI mark a significant step forward as these collaborations will drive the development of a next-generation, AI-powered data enablement platform, further solidifying Yanolja's position as a global travel technology leader."
Full Year 2024 Highlights
Aggregate TTV[1] reached Won 27.0 trillion (USD 18.3 billion)[2], up 186% compared to 2023.
Consolidated operating revenue reached Won 924.5 billion (USD 625.6 million), up 22% compared to 2023.
Enterprise Solutions revenue[3] was Won 292.6 billion (USD 198.0 million), up 62% compared to 2023
Consumer Platform revenue[3] was Won 671.2 billion (USD 454.2 million), up 6% compared to 2023.
Consolidated Adjusted EBITDA[4] was Won 114.7 billion (USD 77.6 million), up 68% compared to 2023, and Adjusted EBITDA Margin[4] was 12.4%.
Enterprise Solutions Adjusted EBITDA was Won 67.7 billion (USD 45.8 million), up 295% compared to 2023, and Adjusted EBITDA Margin was 23.1%.
Consumer Platform Adjusted EBITDA was Won 88.4 billion (USD 59.8 million), up 4% compared to 2023, and Adjusted EBITDA Margin was 13.2%.
Jeff Kim, CEO of Yanolja ...