Seoul: South Korean tech giant Kakao Corp. reported its third-quarter net income of 192.9 billion won (US$133.2 million), marking an increase of 145.6 percent from the previous year. The company revealed these figures in a regulatory filing, highlighting a significant growth in its financial performance.

According to Yonhap News Agency, Kakao Corp. also reported an operating profit of 208 billion won for the quarter, up from 130.5 billion won a year ago. The company's revenue saw an 8.6 percent rise, reaching 2.08 trillion won. These earnings surpassed market expectations, as analysts had predicted an average net profit of 117.5 billion won, based on a survey conducted by Yonhap Infomax, the financial data division of Yonhap News Agency.