Q4 2025 Naver Corp Earnings Call Transcript

Feb 5, 2026 / 12:00 AM GMT

Release Date Price: $115

Transcript

Key Points

Positve

NAVER Corp (XKRX:035420) reported a 10.7% year-on-year increase in Q4 revenue, reaching 3.2 trillion Korean won, driven by growth in advertising, commerce, and fintech.
AI technologies contributed significantly to advertising revenue, accounting for 55% of the 8.8% growth in total platform advertising revenue in 2025.
The company plans to expand AI briefing coverage to approximately twice its current level by the end of 2026, enhancing user engagement and search quality.
NAVER Corp's commerce revenue increased by 36% year-on-year in Q4, with the Neighbor Plus store app surpassing 12.9 million downloads.
The company achieved a 30% reduction in inference costs through infrastructure efficiency projects, improving cost management for AI services.

Negative

Q4 consolidated net income declined by 68% year-on-year, primarily due to an increase in goodwill impairment losses.
Content revenue declined by 2.3% year-on-year in Q4, indicating challenges in maintaining growth in this segment.
The company faced a slight moderation in advertising growth in Q4 due to a decline in advertising spend during the extended holiday period.
Despite revenue growth, the operating profit margin for the integrated search platform and commerce segment experienced a slight year-on-year decline.
Free cash flow decreased by 252.8 billion Korean won year-on-year in Q4, impacted by increased capital expenditures associated with infrastructure investment.

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

035420.KS - Naver Corp
Q4 2025 Naver Corp Earnings Call
Feb 06, 2026 / 12:00AM GMT

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Presentation
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Unidentified_1 [1]
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Analysts, investors, good morning. I am Paul Choi from the Capital Markets Office. First of all, I would like to thank you for joining Neighbors 2025 Q4 earnings presentation. On this call, we're joined by CEO Sean Choi and CFO Heer Kim, and they'll walk you through Neighbors' business highlights and strategies and financial results, after which we'll entertain your questions.

Please note that the earnings results or KIFRS based provided for a timely communication and have not been audited by an independent auditor.

And hence are subject to change after such review.

With that I'll turn it over to our CEO to present on the business highlights.

Good morning. I am Seun Choi, the CEO.

In 2025, Neighbors

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