[Breaking News] Naver Opens Era of 10 Trillion Won in Revenue... Operating Profit Up 32.9%

Yonhap News

Naver has become the first domestic platform company to enter the 10 trillion KRW annual revenue era.

Naver (NAVER) announced on the 7th that its consolidated annual revenue for last year was tentatively estimated at 10.7377 trillion KRW, an 11.0% increase compared to the previous year. During the same period, annual operating profit increased by 32.9% to 1.9793 trillion KRW, and annual adjusted EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) rose by 24.9% to 2.6644 trillion KRW compared to the previous year.

In the fourth quarter of last year, consolidated revenue grew 13.7% year-over-year to 2.8856 trillion KRW, and operating profit increased 33.7% year-over-year to 542 billion KRW. The fourth-quarter performance was driven by growth in key business sectors such as the search platform and commerce.