NAVER Corporation (OTCPK:NHNCF) Q1 2025 Results Conference Call May 8, 2025 8:00 PM ET
Company Participants
Soo-Yeon Choi – Chief Executive Officer
Hee-Cheol Kim – Chief Financial Officer
Conference Call Participants
Eric Cha – Goldman Sachs
Donghwan Oh – Samsung Securities
Unidentified Company Representative
Good morning. My name is [indiscernible] from NAVER. We will now begin NAVER 2025 Q1 Earnings Conference Call. For the benefit of our investors joining from home and abroad, we will provide some Chinese interpretation.
On this call, we are joined by CEO, Soo-yeon Choi, and the newly appointed CFO, Hee Cheol Kim. And they will walk you through Naver’s business highlights and strategies and financial results, after which we will entertain your questions.
Please note that the earnings results are K-IFRS 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 highlights.
Soo-Yeon Choi
Good morning. I’m Soo-yeon Choi, the CEO. In 2025, despite an uncertain environment, NAVER achieved solid results by strengthening its core business competitiveness and advancing its platforms.
In the changing era of AI, NAVER has demonstrated its unique platform competitiveness with exclusive content and data, not only for search, but also for content discovery and even extending to services like shopping and local places, creating an ecosystem that AI cannot replace.
Furthermore, through the launch of AI briefing, NAVER is progressively adapting to changing user patterns. Recently, through advanced personalization, NAVER has further strengthened its business ties, especially in shopping and local places. This is evident in the Y-o-Y growth of 11.9% in search platform and Y-o-Y growth of 8.2% in search advertising recorded in Q1.
In the advertising segment, NAVER Ads
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