Samsung Revenues Up 12 Percent to $52.2 Billion

Samsung reported that it earned an operating profit of $4.48 billion on revenues of $52.2 billion in the quarter ending December 31, 2024, with revenues up 12 percent year-over-year (YOY). For the full year, Samsung delivered an operating profit of $22.4 billion on $206.4 billion in revenues.

“Although fourth quarter revenue and operating profit decreased on a quarter-on-quarter (QoQ) basis, annual revenue reached the second-highest on record, surpassed only in 2022,” Samsung noted in its earnings release. “Meanwhile, operating profit was down [quarter over quarter], due to soft market conditions, especially for IT products, and an increase in expenditures including R&D.”

Samsung’s Mobile eXperience (MX) division is responsible for the company’s Galaxy-branded smartphones, tablets, and PCs, and it delivered an operating profit of $1.44 billion on revenues of $17.7 billion in the quarter with double-digit growth YOY. That said, the quarter is usually seasonally unimpressive because Samsung launches its biggest mobile products each January.

Looking ahead, Samsung says it will grow revenues through “increased sales of smartphones with differentiated AI experiences, as well as premium products in the Device eXperience (DX) division.” It plans to strengthen its foldable lineup to generate new demand, and deliver “AI features and rich Galaxy ecosystem experiences for premium tablets, notebooks, wearables and the upcoming XR device.”