Loen Delivered Strong 1Q Results, and the Paying Users Continue to Grow
Loen Entertainment released strong first-quarter results with the top-line growth beating our annual growth projection and the operating margin lower than our annual projection. The strong revenue growth of 38.5% is mainly due to the continued growth of MelOn platform with a net add of 120,000 paying users as well as the average revenue per user, or ARPU, growth after the price hike in 2016. The lower-than-expected operating margin, at 17.3%, is mainly due to the talent management business that ...Kakao M Corp., formerly LOEN ENTERTAINMENT, INC., is a Korea-based company engaged in manufacturing and distributing album. Its main product is compact disc used for listening to music The Company operates its business through two segments: digital music segment, which provides digital music and online music under the brand of MelOn, and album segment which plans, manufactures and distributes albums.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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