The travel technology corporation Yanolja announced on the 15th that its consolidated transaction volume surpassed 7 trillion won in the first quarter of this year. This represents an increase of approximately 188% compared to the same period last year, marking the largest consolidated transaction volume for the first quarter ever.
The consolidated revenue for the first quarter was recorded at 218.2 billion won, reflecting a 9.6% increase compared to the same period last year. The consolidated operating profit was 4.9 billion won, a 67% decrease compared to the same period last year. Adjusted EBITDA recorded 23.4 billion won.
The company noted that despite a decline in global travel demand due to issues like high government tariffs and unstable international circumstances, it continued to achieve growth primarily in the European, Middle Eastern, and North American markets, with the proportion of overseas transaction volume excluding South Korea expanded to 74%, an increase of approximately 50 percentage points compared to the same period last year.
By institutional sector, the enterprise solutions sector recorded 68.5 billion won, a 32.9% increase compared to the same period last year, driving overall performance growth. The transaction solutions, subscription solutions, and artificial intelligence (AI) data solutions of Yanolja Cloud all achieved steady performance growth, with AI-based data solution revenue increasing by more than 133% compared to the same period last year.
Adjusted EBITDA for Yanolja Cloud was 12.5 billion won, reflecting a 58% increase compared to the same period last year, with an EBITDA margin rate of 18%.
Revenue for the consumer platform sector increased by about 1% compared to the same period last year, standing at 157.9 billion won, while adjusted EBITDA was 20.6 billion won. The company explained that despite external challenges such as domestic and international issues and delays in long-distance travel recovery, the cross-selling strategy centered around Noly Universe proved effective.
A Yanolja representative said, “The continuous expansion of our global network, the rise of AI data solutions, and the rapid growth of the enterprise solutions business are driving overall performance,” and added, “we will strengthen our global expansion strategy led by AI-based travel technology, continuing our growth and improving profitability.”