– Achieved sales of 20 billion won and operating profit of 3.7 billion won in the first quarter of this year, recording the highest performance since its establishment
– Sales and operating profit in the first quarter of 2025 increased by 18.9% and 29.6% respectively compared to the same period last year
– Prospects for securing additional revenue through increased subscribers through story (web novel/webtoon) business development
– Announced strategic investment plan worth 20 billion won per year for the next three years
Korea's largest reading platform, KT Milli's Library (CEO Park Hyun-jin, hereinafter referred to as 'Milli's Library'), announced on the 12th that it achieved sales of KRW 20 billion and operating profit of KRW 3.7 billion in the first quarter of 2025 in accordance with the Korean International Financial Reporting Standards (K-IFRS), recording the best performance since its establishment.
Sales for the first quarter of this year were 20 billion won, up 18.9% from 16.8 billion won in the same period last year. Operating profit was 3.7 billion won, up 29.6% from 2.8 billion won in the same period last year, maintaining steady performance.
Milli's Library explained that the steady increase in subscribers (cumulative basis) led to the good performance. Milli's Library's cumulative subscribers are approximately 8.9 million as of the first quarter of 2025. As the Text Hip craze that blew last year continues this year, the high interest in reading has also led to a steady increase in new subscribers. Milli's Library diversified its content based on books to meet their reading needs, and at the same time, it also released a reading function utilizing artificial intelligence (AI), which helped attract new users.
Meanwhile, Millie's Bookstore plans to expand its portfolio to include story (web novels, webtoons) content starting in the second half of this year. The strategy is to expand the types of reading and create a structure where reading can be consumed 'separately but together' within a single subscription model, thereby breaking down the boundaries of reading content and maximizing subscription flexibility to secure Millie's Bookstore's own competitiveness. In addition, it has also launched 'Millie's Place' and is actively expanding offline. It began official operation in April and is currently providing customer benefits at 40 locations nationwide, and plans to expand to 100 dating locations. 'Millie's Place' will expand its business areas to include forming interest-based communities centered on reading, such as author book talks, fan meetings, and book clubs.
At a press conference held in April, the company announced a strategic investment plan of 20 billion won per year for the next three years. Through this, it also announced a challenging goal of increasing content competitiveness and achieving sales growth of 150 billion won by 2027, which is double the sales in 2024.
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