Millie's library announced on the 12th that it achieved its largest quarterly profit since its founding, recording an operating profit of 3.7 billion won in the first quarter of 2025.
According to the Korean International Financial Reporting Standards (K-IFRS), sales in the first quarter of this year were totaled at 20 billion won, with an operating profit of 3.7 billion won. This represents an increase of 18.9% and 29.6%, respectively, compared to the same period last year, continuing a steady growth trend.
The increase in performance is attributed to the rise in cumulative subscribers. As of the first quarter of 2025, Millie's library had approximately 8.9 million cumulative subscribers, with the ongoing popularity of the text bubble trend and new services utilizing artificial intelligence (AI) for reading enhancing subscriber growth.
Millie's library plans to expand its portfolio to include story content such as web novels and webtoons starting in the second half of the year. The strategy aims to enable various content consumption within a single subscription model and enhance user experience. Additionally, through 'Millie Place,' the company is currently providing offline benefits at 40 locations nationwide, with plans to expand to 100 locations by the end of the year.
Earlier, at a press briefing held in April, Millie's library indicated plans for strategic investments totaling 20 billion won annually over the next three years, with a goal of achieving sales of 150 billion won by 2027.