LG Electronics Inc. has announced its preliminary earnings for the first quarter of 2025, revealing consolidated revenue of KRW 22.7 trillion (USD 15.529 billion*) and an operating profit of KRW 1.3 trillion (USD 1.615 million*).
This is the first time LG’s first-quarter revenue has exceeded KRW 22 trillion! Despite ongoing economic headwinds, the company credits its “qualitative growth” strategy with driving these results.
Especially seeing high margins from B2B is the Eco Solution (ES) business has been the primary driver of growth in both revenue and profitability. Especially through the combination of hardware and service, LG’s subscription business is rapidly increasing.
Key Performance Factors
- Strong performance in B2B sectors, like the Eco Solution business.
- Expansion of subscription services and D2C sales.
- Continued popularity of premium offerings.
- Integration of its display-based businesses – including TVs, IT (laptops, monitors) and ID (commercial displays).
- Expansion of sales of high-value-added products, especially in in-vehicle infotainment (IVI) systems, while diversifying into automotive content platforms.
Full details regarding each division will be announced later this month. Details regarding net profit will also be announced during that time.
*Exchange rate as of April 7 at 5:45 AM UTC, sourced from Morningstar.
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