Q1 2025 Naver Corp Earnings Call Transcript

May 8, 2025 / 12:00 AM GMT

Release Date Price: $115

Transcript

Key Points

Positve

NAVER Corp (XKRX:035420) achieved solid results in Q1 2025, with a 10.3% year-over-year increase in revenue, driven by strong growth in search platform, commerce, and fintech segments.
The company reported a 15% year-over-year increase in operating profit, demonstrating effective cost management and strategic focus on long-term growth.
NAVER Corp's AI-driven initiatives, such as the AI briefing and Ed Boost ad tech platform, have shown positive indicators like higher click-through rates and improved ad efficiency.
The launch of the NeighborPlus store app has enhanced user engagement and increased membership activity, contributing to a 10.1% worldwide growth in on-platform GMV.
The fintech segment saw a 17.4% year-over-year increase in total payment volume, highlighting the expansion of NAVER Corp's payment ecosystem and increased merchant network.

Negative

Despite overall revenue growth, NAVER Corp experienced a 3.4% quarter-over-quarter decline in revenue, reflecting seasonal challenges and macroeconomic headwinds.
The display advertising segment faced a slowdown due to market downturns and seasonal factors, resulting in a 13.8% quarter-over-quarter decline in revenue.
NAVER Corp's content revenue decreased by 1.7% quarter-over-quarter, indicating challenges in maintaining growth momentum in this segment.
The enterprise segment saw a 24.4% quarter-over-quarter decline in revenue, partly due to the absence of one-time revenue impacts from previous quarters.
NAVER Corp acknowledged the impact of external macroeconomic factors on specific categories like groceries, which could affect future growth in the commerce segment.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

035420.KS - Naver Corp
Q1 2025 Naver Corp Earnings Call
May 09, 2025 / 12:00AM GMT

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Presentation
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Unidentified_1 [1]
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Good morning.

My name is Cu Myung-uan from Neighbor. We will now begin Neigur's 202,511 earnings conference call.

For the benefit of our investors joining from Human Abroad, we will provide simultaneous interpretation.

On this call we're joined by CEO Xuuan Choi and the newly appointed CFO Heer Kim, and they will walk you through neighbor's business highlights and strategies and financial results, after which we will entertain your questions. Please note that the earnings results are KIFRS based and provided for timely communications and have not yet been audited by an independent auditor and hence are subject to change after such review.

With that, I will turn it over to our CEO to present on the business

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