# South Korea AI Stocks Split on Q3 Results

> AX boom lifts MakinaRocks and Nota but leaves WantedLab in loss.
- Title: South Korea AI Stocks Split on Q3 Results · BigGo Finance
- Summary: AX boom lifts MakinaRocks and Nota but leaves WantedLab in loss. South Korea's AI stocks diverged in Q3 results: MakinaRocks and Nota grew revenue while…
- Keywords: south korea, ai stocks, makinarocks, nota, wantedlab, ax boom, q3 results, operating loss, revenue growth, core business, markets, BigGo Finance
- Source: BigGo Finance — https://finance.biggo.com/news/875f8520-818c-4cca-8235-e3f4d5521c8c
- Author: BigGo Finance
- Published: 2026-11-13T23:25:25+00:00
- Read time: 1 min
- Topics: south korea, ai stocks, makinarocks, nota, wantedlab, ax boom, q3 results, operating loss, revenue growth, core business, finance, markets
## Q3 Results Diverge
South Korea's listed AI companies showed split performance in third-quarter results.
## MakinaRocks Revenue Surge
MakinaRocks reported record quarterly revenue of 7.2 billion won, up 214% year-on-year.
## MakinaRocks Cumulative Growth
Cumulative revenue for first three quarters reached 14.3 billion won, surpassing last year's full-year total.
## Nota Revenue Growth
Nota's Q3 revenue rose 51% year-on-year with an order backlog of 15.4 billion won.
## WantedLab Losses
WantedLab swung to an operating loss of 13.106 million won on Q3 revenue of 9.9 billion won.
## Core Business Decline
Core HR business lost 64.303 million won due to declining recruiting revenue.
## Investment Segment Boost
WantedLab's financial investment segment offset losses with 74.647 million won profit.
## AX New Business Growth
WantedLab's AX business grew to 8 billion won order backlog with 2.47 billion won revenue.
## Cash Flow Issues
Short-term financial products fell from 13 billion won to 6 billion won in nine months.
## Investment Assets Risk
39.6% of assets are Level 3 investments with no active market prices.
## CEO Statement
Lee Bok-ki said AI transformation requires talent, change management and agents.

> As more companies embark on the transition to AI-native operations, demand is growing for talent, change management and agents all at once.
## Profitability Warning
WantedLab's share of recruiting AI in revenue dropped from 78.13% to 60.71% in Q3.
## AX Revenue Split
AX revenue from government programs and Ennoia platform remains unseparated in reports.
## Financial Health Risks
Provision rate for bad debts rose to 31.49% with overdue receivables at 470.9 million won.
## Key takeaway

South Korea's AI stocks diverged in Q3 results: MakinaRocks and Nota grew revenue while WantedLab swung to an operating loss.