Core Insights - LPL Financial has acquired a minority ownership stake in Private Advisor Group, enhancing strategic alignment and enabling innovation and advisor growth [1][2][3] - The partnership aims to expand resources for practice management and succession planning, supporting advisors in sustaining their businesses long-term [1][4] - Private Advisor Group will continue to operate independently while leveraging the strengths of LPL and Merchant to create new opportunities for advisors [5] Company Overview - Private Advisor Group, founded in 1997, manages over $41.3 billion in assets as of June 30, 2025, focusing on improving financial outcomes for individual investors and supporting independent financial advisors [6] - LPL Financial is among the fastest-growing wealth management firms in the U.S., supporting over 32,000 financial advisors and managing approximately $2.3 trillion in assets on behalf of around 8 million Americans [8] - Merchant Investment Management provides growth capital and strategic guidance to independent financial services companies, managing over $300 billion in assets across 125 partner firms [10]

LG Display Co. (NYSE:LPL) is transitioning to high-margin OLED technology, with OLED products now constituting 65% of total sales.Analysts estimate an EPS of $0.07 and projected revenue of $4.88 billion for the upcoming quarterly earnings on November 20, 2025.LG Display Co. (NYSE:LPL) is a prominent player in the display technology industry, known for its innovative approach to screen manufacturing. The company is transitioning from traditional LCD technology to high-margin OLED technology, which is expecte ...

Company Overview - LG Display Co., Ltd. is a South Korean company specializing in the production of screens for various devices including TVs, smartphones, computers, and car dashboards [1]. Industry Context - LG Display is part of the larger LG Group, which is recognized for its diverse range of consumer electronics and technology products [1].

LG Display Co., Ltd. (NYSE: LPL ) is a company from South Korea that makes screens, the kind you see on TVs, smartphones, computers, and even car dashboards. It’s part of the bigger LG Group, the same company knownI focus on producing objective, data-driven research, mostly about small- to mid-cap companies, as these tend to be overlooked by many investors. From time to time, though, I also look at large-cap names, just to give a fuller sense of the broader equity markets.Analyst’s Disclosure:I/we have no s ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 6‑K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a‑16 OR 15d‑16 UNDER THE SECURITIES EXCHANGE ACT OF 1934 For the month of November 2025 LG Display Co., Ltd. (Translation of Registrant's name into English) LG Twin Towers, 128 Yeoui‑daero, Yeongdeungpo‑gu, Seoul 07336, Republic of Korea (Address of principal executive offices) Indicate by check mark whether the registrant files or will file annual reports under cover of Form ...

Core Insights - The argument for adding emerging-market stocks to investment portfolios has strengthened in 2025, particularly due to the U.S. dollar's poor performance against other currencies, leading to international stocks outperforming domestic ones [2][3] Group 1: Emerging Market Stocks - The MSCI EM index increased by 7% in September, marking its seventh consecutive monthly gain, with Goldman Sachs raising its projected outlook for emerging markets in 2026 [3] - LG Display Co., Ltd. has a market cap of $5 billion and generates significant revenue from Asia, the U.S., and Europe, with shares up over 60% year-to-date [4][6] - Taiwan Semiconductor Manufacturing Co., Ltd. controls over 50% of the foundry chip market and reported a 10% revenue growth quarter-over-quarter and 40% year-over-year, with a net profit margin increase to 45.7% [7][9] - ICICI Bank Ltd. is a major player in India's financial sector, with most revenue from domestic clients, and is positioned well due to favorable demographics and reshoring trends [10][12] - Harmony Gold Mining Co., Ltd. has a market cap exceeding $10 billion and has seen its shares nearly double the price of gold, which has risen over 50% year-to-date [13][15]

Core Insights - LPL Financial (LPLA) reported better-than-expected third-quarter 2025 results, with adjusted earnings of $5.20 per share, exceeding the Zacks Consensus Estimate of $4.47 and reflecting a 25% year-over-year growth [1][8] - The company experienced a significant revenue increase of 46.4% year over year, totaling $4.55 billion, which also surpassed the Zacks Consensus Estimate of $4.34 billion [3][8] - Total expenses rose sharply by 66.1% to $4.59 billion, primarily due to increases in all cost components except other expenses [3] Financial Performance - LPL Financial's total brokerage and advisory assets reached $2,314.5 billion, marking a 45.4% increase year over year, exceeding the estimate of $2,126.8 billion [4] - The company recorded total net new assets of $307.7 billion in the reported quarter, with client cash balances rising 21.8% year over year to $55.8 billion [4] Balance Sheet Analysis - As of September 30, 2025, total assets were $18.03 billion, reflecting a 3.2% sequential increase, while cash and cash equivalents decreased to $1.34 billion from $4.19 billion in the previous quarter [5] - Total stockholders' equity was $5.04 billion, showing a slight sequential decline [5] Strategic Outlook - LPL Financial's recruiting efforts and advisor productivity are expected to continue supporting advisory revenues, alongside strategic acquisitions and a strong balance sheet [6] - However, rising expenses and uncertainties in capital markets may negatively impact commission revenues [6] Peer Comparisons - Interactive Brokers (IBKR) reported adjusted earnings per share of 57 cents, surpassing estimates and reflecting a 42.5% year-over-year increase, driven by revenue growth and reduced expenses [7] - Charles Schwab (SCHW) achieved adjusted earnings of $1.31 per share, exceeding estimates and showing a 70% year-over-year increase, supported by strong asset management performance and higher trading revenues [9]

Financial Data and Key Metrics Changes - Revenue for Q3 2025 was KRW 6.957 trillion, up 25% QoQ and 2% YoY [4] - Operating profit reached KRW 431 billion, improving by over KRW 500 billion QoQ and YoY [4] - Net income was KRW 1.2 billion, influenced by foreign currency translation gains [5] - EBITDA in Q3 was KRW 1.4239 trillion with an EBITDA margin of 20% [5] - Cash and cash equivalents stood at KRW 1.555 trillion, largely unchanged QoQ [7] - Debt-to-equity ratio was 263%, down 5 percentage points QoQ [7] Business Line Data and Key Metrics Changes - Mobile and others segment revenue share reached 39%, up 11 percentage points QoQ [6] - The share of OLED products out of total revenue was 65%, up 9 percentage points QoQ [6] - TV segment revenue share was 16%, down 4 percentage points QoQ [6] - Auto segment's share was 8%, down 2 percentage points QoQ [6] Market Data and Key Metrics Changes - Area shipment fell 1% QoQ despite growing shipments of small and medium OLED products [5] - ASP per square meter was $1,365, up 29% QoQ [5] - Total area shipment is projected to grow in low single-digit percentage QoQ for Q4 [8] Company Strategy and Development Direction - The company is focusing on an OLED-centered business structure upgrade and cost innovation [10] - Plans to expand panel shipments in the small mobile business and invest in new technologies for IT OLED [12] - In the IT LCD business, the company aims to reduce low-margin products while focusing on B2B and high-end segments [13] - The company intends to maintain strong partnerships with strategic customers to solidify its market leadership [21] Management's Comments on Operating Environment and Future Outlook - Management expects external uncertainties and shipment volatility to persist in Q4 [11] - The company plans to address challenges by prioritizing business efficiency initiatives [11] - OLED products revenue share is expected to remain stable QoQ in Q4, with an annual share projected at a low 60% level [11] Other Important Information - The company plans an additional workforce improvement program in Q4 as part of ongoing cost innovation efforts [11] - Capex for the year is expected to be in the high KRW 1 trillion range, below last year's level [14] Q&A Session All Questions and Answers Question: Does the company believe it has the structure to sustain current business performance? - The company has improved performance through internal capabilities and cost innovation, aiming for stable performance moving forward [19][21] Question: How will the company respond to potential pressure to lower ASP due to macro uncertainties? - The company will maintain an optimum pricing strategy while upgrading product mix and continuing cost innovation [22] Question: What is the market reception for new models by the North American customer? - The company has achieved stable performance and positive reception for new models, with potential changes in shipment plans based on market trends [26] Question: What is LG Display's strategy for the foldable smartphone panel business? - The company is maximizing supply volume for existing products while preparing for potential market growth in foldable smartphones [33] Question: What are the plans for the LCD IT business amidst intensifying competition? - The company is focused on maintaining profitability by selecting strategic customers and downsizing low-margin models [38] Question: What is LG Display's strategy for the OLED TV business in light of competition? - The company projects growth in OLED panel shipments and aims to strengthen competitiveness through cost innovation and partnerships [43]

Financial Data and Key Metrics Changes - Revenue for Q3 2025 was KRW 6.957 trillion, up 25% QoQ and 2% YoY [4] - Operating profit reached KRW 431 billion, improving by over KRW 500 billion QoQ and YoY [4] - Net income was KRW 1.2 billion, influenced by foreign currency translation gains [5] - EBITDA in Q3 was KRW 1.4239 trillion with an EBITDA margin of 20% [5] - Cash and cash equivalents stood at KRW 1.555 trillion, largely unchanged QoQ [7] - Debt-to-equity ratio was 263%, down 5 percentage points QoQ [7] Business Line Data and Key Metrics Changes - Mobile and others segment revenue share reached 39%, up 11 percentage points QoQ [6] - The share of OLED products out of total revenue was 65%, up 9 percentage points QoQ [6] - TV segment revenue share was 16%, down 4 percentage points QoQ [6] - Auto segment's share was 8%, down 2 percentage points QoQ [6] Market Data and Key Metrics Changes - Area shipment fell 1% QoQ despite growing shipments of small and medium OLED products [5] - ASP per square meter was $1,365, up 29% QoQ [5] - Total area shipment is projected to grow in low single-digit percentage QoQ for Q4 [8] Company Strategy and Development Direction - The company is focusing on an OLED-centered business structure upgrade and cost innovation [10] - Plans to ensure stable operations in the small mobile business by expanding panel shipments [12] - In the IT LCD business, the focus is on reducing low-margin products while enhancing high-end segments [14] - The company aims to solidify its leadership in the premium market for large panels [15] Management's Comments on Operating Environment and Future Outlook - Management expects external uncertainties and shipment volatility to persist in Q4 [11] - The company plans to address challenges by prioritizing business efficiency initiatives [11] - OLED products revenue share is expected to remain stable QoQ in Q4 [11] Other Important Information - The company plans an additional workforce improvement program in Q4 as part of cost innovation efforts [11] - CapEx for this year is expected to be in the high KRW 1 trillion range, below last year's level [15] Q&A Session Summary Question: Sustainability of Business Performance and Market Outlook - The company believes it has the structure to sustain business performance and expects to improve profitability by another KRW 1 trillion this year [20][21] Question: Response to ASP Pressure and Future Growth Strategy - The company will maintain an optimum pricing strategy while upgrading product mix and continuing cost innovation [22] Question: Market Reception of New Models and Shipment Outlook - The company has seen positive reception for new models and expects to further expand performance from last year [27][28] Question: Strategy for Foldable Smartphone Panel Business - The company is preparing for potential market growth and maximizing supply volume for existing products [34] Question: LCD IT Business Strategy - The company is focused on maintaining profitability by downsizing low-margin models and enhancing high-end lineups [39] Question: OLED TV Business Strategy - The company projects a mid 6 million unit level of large OLED panel shipment this year, expecting growth to 7 million units next year [44]

Financial Data and Key Metrics Changes - Revenue for Q3 2025 was KRW 6.957 trillion, up 25% QoQ and 2% YoY [3] - Operating profit reached KRW 431 billion, improving by over KRW 500 billion QoQ and YoY [3] - Net income was KRW 1.2 billion, influenced by foreign currency translation gains [4] - EBITDA in Q3 was KRW 1.4239 trillion with an EBITDA margin of 20% [4] - Cash and cash equivalents stood at KRW 1.555 trillion, largely unchanged QoQ [6] - Debt-to-equity ratio was 263%, down 5 percentage points QoQ [6] Business Line Data and Key Metrics Changes - Mobile and others segment revenue share reached 39%, up 11 percentage points QoQ [5] - The TV segment's revenue share was 16%, down 4 percentage points QoQ [5] - The auto segment's share was 8%, down 2 percentage points QoQ [5] - OLED products accounted for 65% of total revenue, up 9 percentage points QoQ [5] Market Data and Key Metrics Changes - Area shipment fell 1% QoQ despite growing shipments of small and medium OLED products [4] - ASP per square meter was $1,365, up 29% QoQ [4] - Total area shipment is projected to grow in low single-digit percentage QoQ for Q4 [7] Company Strategy and Development Direction - The company is focusing on an OLED-centric business structure and cost innovation to enhance profitability [8] - Plans to expand panel shipments in the small mobile business and invest in new technologies for IT OLED [10] - The company aims to solidify its leadership in the premium market with a diverse lineup of OLED panels [11] - Continuous growth in the auto segment is expected due to expanding in-vehicle display adoption [12] Management's Comments on Operating Environment and Future Outlook - Management acknowledges external uncertainties and competition but remains optimistic about improving profitability [9] - The company plans to address challenges by prioritizing business efficiency initiatives [9] - Expectations for stable performance in the OLED market despite macro uncertainties [17] Other Important Information - A workforce improvement program is planned for Q4, expected to have a more significant impact on financial performance than the previous quarter [9] - The company is maintaining a cautious approach to capital expenditures, focusing on future preparedness [12] Q&A Session Summary Question: Sustainability of Business Performance - Management believes the company has the structure to sustain performance and anticipates a change in the OLED market dynamics [15][16] Question: Response to ASP Pressure - The company will maintain an optimum pricing strategy while upgrading product mix and continuing cost innovation [18] Question: Market Reception of New Models - The reception for new models is generally positive, with potential adjustments in shipment plans based on market trends [21][22] Question: Strategy for Foldable Smartphone Panels - The company is preparing for potential market growth in foldable smartphones while maximizing supply volume for existing products [26][27] Question: LCD IT Business Strategy - The company is focused on high-end LCD technologies and maintaining profitability while downsizing low-margin models [30][31] Question: OLED TV Business Strategy - The company projects growth in OLED panel shipments and aims to strengthen competitiveness through cost innovation [34][35]