Strong Revenue Performance in Japan
Japan represented over 50% of revenue in Q1 2025, with all three business segments (paid content, advertising, and IP adaptations) experiencing growth. LINE Manga ranked number one in the overall app ranking chart for revenue, including mobile games.
Successful IP Adaptations
The adaptation of the Wattpad key title, Marla Influencia, launched on Netflix, continuing the company's success in Spanish-language content.
Innovative Product Changes
Product changes in the English language platform showed a 9% increase in episodes read by the test group compared to the control group. This included improvements in user onboarding and content discovery.
Growth in Advertising Revenue
Advertising revenue grew by 13.6% year-over-year on a constant currency basis, driven by strong performance in Korea and Japan.
IP Adaptation Revenue Growth
IP adaptation business revenue increased by 20.7% year-over-year on a constant currency basis, with double-digit growth in Korea and triple-digit growth in Japan.