NAVER Corp (XKRX:035420) Q3 2024 Earnings Call Highlights: Record Profits and Strategic Growth ...

GuruFocus.com11-10

Revenue: KRW2,715 billion, up 11.1% YoY and 4% QoQ. Operating Profit: KRW525.3 billion, up 38.2% YoY and 11.1% QoQ. Operating Margin: 19.3%, increased by 3.8% YoY. Adjusted EBITDA: KRW699.1 billion, ...

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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNAVER Corp (XKRX:035420) Q3 2024 Earnings Call Highlights: Record Profits and Strategic Growth ...\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-11-10 01:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/naver-corp-xkrx-035420-q3-170031752.html><strong>GuruFocus.com</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Revenue: KRW2,715 billion, up 11.1% YoY and 4% QoQ.\nOperating Profit: KRW525.3 billion, up 38.2% YoY and 11.1% QoQ.\nOperating Margin: 19.3%, increased by 3.8% YoY.\nAdjusted EBITDA: KRW699.1 billion, ...</p>\n\n<a href=\"https://finance.yahoo.com/news/naver-corp-xkrx-035420-q3-170031752.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"NHNCF","symbol_name":"Naver Corporation","start_time":0,"source_url":"https://finance.yahoo.com/news/naver-corp-xkrx-035420-q3-170031752.html","article_id":"2482478602","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2482478602","pubTimestamp":1731171631,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Revenue: KRW2,715 billion, up 11.1% YoY and 4% QoQ.Operating Profit: KRW525.3 billion, up 38.2% YoY and 11.1% QoQ.Adjusted EBITDA: KRW699.1 billion, up 27% YoY and 9.5% QoQ.EBITDA Margin: 25.7%, improved by 3.2% points YoY.Search Platform Revenue: KRW997.7 billion, up 11% YoY and 2% QoQ.Commerce Revenue: KRW725.4 billion, up 12% YoY and 0.9% QoQ.Cloud Revenue: KRW144.6 billion, up 17% YoY and 16.1% QoQ.Consolidated Net Profit: KRW530.1 billion, up 19.5% YoY and 59.6% QoQ.Free Cash Flow: KRW387.1 billion, increased by KRW223.7 billion YoY and KRW141.9 billion QoQ.Total Commerce GMV: KRW12.5 trillion, up 4.3% YoY.Naver Pay TPV: KRW18.6 trillion, up 22.1% YoY and 6.2% QoQ.GuruFocus has detected 4 Warning Signs with XKRX:035420.Also, how will the Naver Plus Store impact user behavior and your search business?","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"NHNCF":"Naver Corporation"},"translate_title":"NAVER Corp(XKRX：035420)2024年第三季度收益看涨期权亮点：创纪录的利润和战略增长……","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"NHNCF":0.9},"content_text":"Revenue: KRW2,715 billion, up 11.1% YoY and 4% QoQ.\nOperating Profit: KRW525.3 billion, up 38.2% YoY and 11.1% QoQ.\nOperating Margin: 19.3%, increased by 3.8% YoY.\nAdjusted EBITDA: KRW699.1 billion, up 27% YoY and 9.5% QoQ.\nEBITDA Margin: 25.7%, improved by 3.2% points YoY.\nSearch Platform Revenue: KRW997.7 billion, up 11% YoY and 2% QoQ.\nCommerce Revenue: KRW725.4 billion, up 12% YoY and 0.9% QoQ.\nFintech Revenue: KRW385.1 billion, up 13% YoY and 4.5% QoQ.\nContent Revenue: KRW462.8 billion, up 6.4% YoY and 10.2% QoQ.\nCloud Revenue: KRW144.6 billion, up 17% YoY and 16.1% QoQ.\nConsolidated Net Profit: KRW530.1 billion, up 19.5% YoY and 59.6% QoQ.\nFree Cash Flow: KRW387.1 billion, increased by KRW223.7 billion YoY and KRW141.9 billion QoQ.\nTotal Commerce GMV: KRW12.5 trillion, up 4.3% YoY.\nNaver Pay TPV: KRW18.6 trillion, up 22.1% YoY and 6.2% QoQ.\nWebtoon Revenue: KRW424 billion, up 11.6% YoY and 10.7% QoQ.\n\n\nWarning! GuruFocus has detected 4 Warning Signs with XKRX:035420.\n\nRelease Date: November 08, 2024\nFor the complete transcript of the earnings call, please refer to the full earnings call transcript.\n Positive Points \n\nNAVER Corp (XKRX:035420) reported a significant increase in operating profit, achieving an all-time high of KRW525.3 billion, up 38.2% YoY and 11.1% QoQ.\nThe company's search platform experienced double-digit growth for the first time in 10 quarters, driven by enhanced AI capabilities and expanded content offerings.\nNaver Pay's total payment volume (TPV) increased by 22.1% YoY, with non-captive TPV growing by 38% YoY, indicating strong performance in the fintech segment.\nWebtoon revenue grew by 11.6% YoY and 10.7% QoQ, with paid content revenue and advertising revenue both showing significant increases.\nNaver Cloud's B2B business is expanding, with revenue from the digital twin project in Saudi Arabia contributing to growth for the first time.\n\n Negative Points \n\nPoshmark's growth has slowed due to a sluggish North American C2C market, impacting overall commerce performance.\nDespite improvements, the company's commerce advertisement revenue remains relatively low, indicating room for growth.\nThe macroeconomic environment remains uncertain, which could impact future growth projections for the search platform.\nThe introduction of Naver Plus Store as a standalone application may pose challenges in migrating users from the search platform.\nThere are concerns about the decline in price comparison traffic, which has been a key capability for NAVER Corp (XKRX:035420).\n\n Q & A Highlights \nQ: Can you discuss the sustainability of the growth in your search platform and projections for the fourth quarter? Also, how will the Naver Plus Store impact user behavior and your search business? A: The growth in our search platform is driven by our internal competitiveness and AI technology integration. We believe there's potential for further growth. For the Naver Plus Store, it's too early to provide specific metrics, but initial feedback is positive. We plan to make it a standalone app and will strategize on migrating users from our search platform.\nQ: What is the expected impact of your partnership with Netflix on your e-commerce growth and membership program? A: While we can't disclose specific terms, the arrangement is similar to past partnerships. We expect it to enhance user retention and trigger repeat purchases, positively impacting our commerce business. The margin impact will be similar to previous arrangements.\nQ: How has the introduction of home feed and clip affected user engagement and advertisement revenue? When will HyperCLOVA X be fully integrated into Naver search? A: Home feed and clip have significantly increased user engagement, with a 10% YoY growth in time spent. We plan to introduce AI briefing on mobile next year, focusing on enhancing long-tail queries and foreign language searches. The cost impact will be limited.\nQ: What are your strategic priorities for re-triggering growth in your commerce business, and how do you plan to enhance commerce advertisement revenue? A: We aim to increase repeat purchase rates by strengthening logistics and membership benefits. We plan to expand feed inventory and improve targeting capabilities to attract new advertisers. Our focus is on enhancing user experience and engagement.\nQ: What drove the significant improvement in quarterly margins, and what is your margin outlook? A: The margin improvement is structural, resulting from reallocating budgets to profitable growth areas. We expect to benefit from operating leverage as we generate more revenue from our search ad platform. Reinvestments in commerce will enhance value offerings.\nFor the complete transcript of the earnings call, please refer to the full earnings call transcript.This article first appeared on \nGuruFocus.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"2","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2482478602"}