Naver Corp reports significant profit increases in 2024, driven by search, e-commerce, and cloud sales growth.

South Korea's internet giant Naver Corp reported a 48.8% jump in Q4 net profit to 444.1 billion won, driven by strong sales in search and e-commerce. For 2024, net income soared 89% to 1.86 trillion won and operating profit increased 32.9% to 1.97 trillion won. Cloud business sales jumped 41.1%. Naver plans to hold a shareholders meeting on March 26 to discuss appointing founder Lee Hae-jin as chairman.

2 months ago
3 Articles

Further Reading