Investing.com -- Yanolja Co., Ltd., a global travel technology company, announced robust financial results for the full year 2024, with total transaction volume (TTV) surging 186% YoY to Won 27.0 trillion (USD 18.3 billion) and consolidated operating revenue rising 22% to Won 924.5 billion (USD 625.6 million).
The company's Enterprise Solutions segment was a standout performer, with revenue jumping 62% YoY to Won 292.6 billion (USD 198.0 million). This division also saw its Adjusted EBITDA soar 295% to Won 67.7 billion (USD 45.8 million), with margins expanding to 23.1%.
Yanolja's Consumer Platform revenue grew 6% YoY to Won 671.2 billion (USD 454.2 million), despite macroeconomic headwinds in the latter half of 2024. The company completed the integration of its consumer channels under NOL Universe, aiming to provide a more comprehensive travel and leisure service offering.
Sujin Lee, Chairman and CEO of Yanolja, commented, "We concluded the year with record-breaking financial performance across both our Enterprise Solutions and Consumer Platform, engaging with more travel enterprises and travelers than ever before."
The company highlighted its recent strategic partnerships with Google (NASDAQ:GOOGL) Cloud, Amazon (NASDAQ:AMZN) Web Services, and OpenAI to develop an AI-powered data enablement platform, further solidifying its position as a global travel technology leader.
Yanolja's consolidated Adjusted EBITDA for 2024 increased 68% YoY to Won 114.7 billion (USD 77.6 million), with margins improving to 12.4%.
