Upbit Operator Posts Annual Revenue Decline

Upbit operator Dunamu reported a 10% drop in annual revenue for 2025, impacted by cooling trading volumes. The primary keyword Upbit operator posts annual revenue decline is a significant concern for the company.

Annual Revenue and Operating Profits

Consolidated operating revenue closed at 1.56 trillion South Korean won (approximately $1.03 billion), down from 1.73 trillion won ($1.1 billion) in the prior cycle. Operating profit plunged 26.7% to 869.3 billion won ($573 million), while net profit fell 27.9% to 708.9 billion won ($468 million).

Trading Volumes and Fees

The company explained that most of the decline stems from a drop in trading platform fees, which accounted for 98.3% of total revenue at 1.53 trillion won ($1.01 billion), down from 1.71 trillion won ($1.13 billion) the previous year. The remaining 1.7% of revenue came from supplementary services such as its securities app and blockchain infrastructure.

Merger and Expansion Plans

Naver Financial, the fintech arm of tech giant Naver, confirmed a share-exchange merger that would turn Dunamu into a wholly owned subsidiary. However, the company postponed the transaction by approximately three months, citing changes in regulatory approvals. Dunamu is also moving forward with plans to list its shares on the Nasdaq.

Key Takeaways

• Upbit operator Dunamu reported a 10% drop in annual revenue for 2025.
• Operating profit plunged 26.7% to 869.3 billion won ($573 million).
• Naver Financial postponed the share-exchange merger by approximately three months.
• Dunamu plans to list its shares on the Nasdaq.

Frequently Asked Questions

What is the primary reason for the decline in Upbit's revenue?

The primary reason is the drop in trading platform fees, which accounted for 98.3% of total revenue.

What is the current status of the merger between Naver Financial and Dunamu?

The merger has been postponed by approximately three months due to changes in regulatory approvals.