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In 2024, LG Electronics reported a net income figure of about 414 million U.S. dollars. In general, annual net income figures report a company’s revenues minus expenses over the course of a year and are highly affected by both expenses and corporate strategy. Changes between years are often quite variable as they include the expenses incurred in the form of large long-term investments in the expense column in addition to the usual yearly operating costs. That being said, 2024 marked a profitable year for LG with high net income figures, and a total revenue of about 61 billion U.S. dollars.

LG Electronics

LG Electronics is a subsidiary of the larger LG Corporation, a Korean company that has been operating throughout various industries since the 1950s. LG Electronics is one of the world’s largest producers of TV sets. The company’s biggest segments are “Home Appliance and Air Solutions”, which includes its range of air conditioners, washing machines, refrigerators, and other appliances, and “Home Entertainment” which encompasses its range of TVs and speakers. The company directly competes with domestic rival Samsung and the companies produce many of the same types of consumer electronics.