NAVER Corp. ( (NHNCF) ) has released its Q4 earnings. Here is a breakdown of the information NAVER Corp. presented to its investors.
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NAVER Corp. is a leading South Korean internet company recognized for its search engine, online advertising, and e-commerce services, as well as its involvement in fintech and cloud computing sectors.
NAVER Corp. recently released its fourth-quarter and full-year 2024 earnings report, showcasing significant growth in revenue and profits across its major business segments. The company’s continued expansion in its core areas and strategic initiatives have contributed to its robust financial performance.
For the fourth quarter of 2024, NAVER Corp. reported a revenue increase of 13.7% year-over-year, driven by strong performances in its search platform, commerce, and cloud divisions. Operating profit also saw a notable rise of 33.7% compared to the previous year, with an operating margin of 18.8%. The company’s cloud segment led the growth with a 41.1% increase year-over-year. Meanwhile, NAVER’s fintech operations saw a total payment volume growth of 18.3% year-over-year.
Despite a quarterly decrease in net profit of 16.2%, the company’s full-year net profit surged by 89.0% compared to 2023, demonstrating significant annual growth. NAVER continues to enhance its competitiveness through improvements in advertising efficiency and expanding its digital finance and cloud services.
Looking forward, NAVER Corp. is poised to maintain its growth trajectory by prioritizing strategic investments and innovations across its business sectors, aligning with its long-term vision of strengthening its market position and expanding its service offerings globally.
