Q3 2025 LG Display Co Ltd Earnings Call (English, Korean) Transcript
Key Points
- Panel shipment grew across the entire OLED product line, driven by seasonality and new product supply.
- Revenue increased by 25% quarter-over-quarter and 2% year-over-year, reaching KRW6.957 trillion.
- Operating profit improved significantly, reaching KRW431 billion, driven by shipment growth and cost innovation.
- The share of OLED products in total revenue increased to 65%, up 9 percentage points quarter-over-quarter.
- Debt-to-equity and net debt-to-equity ratios improved, indicating strengthened financial soundness.
- Area shipment fell by 1% quarter-over-quarter despite seasonality and growing OLED shipments.
- Revenue share for the TV segment decreased by 4 percentage points quarter-over-quarter.
- Auto segment's revenue share also declined by 2 percentage points quarter-over-quarter.
- External uncertainties and shipment volatility are expected to persist in the upcoming quarter.
- Anticipated decline in ASP per square meter in Q4 due to mix changes in small and midsized OLED products.
(spoken in foreign language)
Good afternoon. This is Heo Suk, Leader of the LG Display IR team. Thank you for joining our third quarter 2025 earnings conference call.
Joining us today are CFO, Kim Sung-Hyun; Vice President, Choi Hyun-chul, in charge of Business Control and Management; Vice President, Kim Kyu Dong, in charge of Finance and Risk Management; Lee Kyung, in charge of Business Intelligence; Vice President, Kim Yong Duck, in charge of Large Display Planning and Management; Ahn-Yoo Shin, in charge of Medium Display Planning and Management; Park Sang-woo, in charge of Small Display Planning and Management; and [Hong Moon-tae], Head of Auto Planning and Management.
Today's conference call will be conducted in both Korean and English. For detailed performance-related materials, please refer to our disclosure or the investor relations section in the company's website. Please refer to the disclaimer before we begin the presentation.
Please be informed that the financial figures presented in today's earnings
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