[Breaking] Naver Posts Q2 Revenue of 3.3888 Trillion Won... Net Income Up 42%
On the 7th, Naver disclosed its preliminary consolidated financial results for the second quarter of this year. According to the results, revenue recorded 3.388
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On the 7th, Naver disclosed its preliminary consolidated financial results for the second quarter of this year. According to the results, revenue recorded 3.3888 trillion won, and operating income stood at 520.3 billion won.
[Q2 Key Performance Summary] • Revenue: 3.3888 trillion won (up 16.2% year-over-year, up 4.6% quarter-over-quarter) • Operating Income: 520.3 billion won (down 0.2% year-over-year, down 4.0% quarter-over-quarter) • Net Income: 704.3 billion won (up 41.6% year-over-year, up 142.0% quarter-over-quarter)
While operating income declined slightly compared to the same period last year and the previous quarter, net income, a key profitability indicator, improved significantly. Profit before income tax from continuing operations reached 902 billion won, up 32.0% year-over-year and 129.2% quarter-over-quarter. Net income attributable to owners of the parent company also totaled 698.6 billion won, increasing 42.9% year-over-year and 144.8% quarter-over-quarter.
[First-Half Cumulative Performance (January–June)] On a cumulative basis for the first half of this year, revenue reached 6.6298 trillion won and operating income recorded 1.0621 trillion won. These figures represent increases of 16.3% and 3.4%, respectively, compared to the same period last year.
Cumulative net income for the same period stood at 995.3 billion won, up 8.1% year-over-year, while net income attributable to owners of the parent company reached 983.9 billion won, up 7.7%.
Meanwhile, these results are preliminary consolidated figures prepared in accordance with the Korean International Financial Reporting Standards (K-IFRS), and may be partially revised following the external auditor's review.
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