Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. Korea, republic of
  4. Korea Stock Exchange
  5. NAVER Corporation
  6. News
  7. Summary
    A035420   KR7035420009

NAVER CORPORATION

(A035420)
  Report
SummaryChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Naver's Third-Quarter Net Profit Rose 37%

10/20/2021 | 05:53pm EST

By Kwanwoo Jun

Naver Corp.'s third-quarter net profit rose 37% from a year earlier, led by solid growth in advertisement based on its search platforms, e-commerce and fintech services.

Net profit for the quarter ended September 30 was 322.70 billion Korean won ($274.4 million) compared with net profit of KRW235.30 billion in the same quarter a year earlier, the South Korean internet group said Thursday. That is below a FactSet-compiled consensus forecast for net profit of KRW374.40 billion.

Revenue during the quarter gained 27% on year to KRW1.727 trillion, while operating profit rose 20% on year to KRW349.80 billion.

Naver said all of its business platforms grew during the quarter, with growth accelerating in its digital comic-strip webtoon and other paid-content services globally.

The company has faced mounting regulatory pressure on platform businesses in South Korea recently, as authorities intend to toughen rules to protect online customers.

Write to Kwanwoo Jun at kwanwoo.jun@wsj.com

Corrections & Amplifications

This item was corrected on October 21, 2021 to reflect Naver's 3Q net profit a year ago was KRW235.30 billion, not KRW240.15 billion as indicated in the second paragraph of the original version.

(END) Dow Jones Newswires

10-20-21 1953ET

All news about NAVER CORPORATION
12/01South Korean Stocks Rise on Stellar Domestic Econ Data; Samsung Jumps 4% on New Auto Ch..
MT
12/01S.Korea stocks jumps most since Feb on bargain hunting, upbeat trade data
RE
11/30S.Korean stocks end at 11-month low on Omicron variant fears
RE
11/29South Korean Stocks Fall for Fifth Session Over COVID-19 Variant Omicron Fears; Hyundai..
MT
11/29S.Korea stocks mark lowest close in nearly two months on Omicron worries
RE
11/26Naver Introduces Mataverse Platform Arcverse; Test Run Expected Later in 2021
MT
11/26S.Korean stocks post biggest weekly drop in a month on virus fears
RE
11/25South Korean Stocks Decline as Bank of Korea Raises Rates to 1%; Samsung, SK Hynix Stoc..
MT
11/25S.Korean stocks end near one-week low on hawkish Fed, BOK rate hike
RE
11/24S.Korean stocks end lower as U.S. yields rise, virus cases surge
RE
More news
Analyst Recommendations on NAVER CORPORATION
More recommendations
Financials
Sales 2021 6 780 B 5,76 B 5,76 B
Net income 2021 16 554 B 14,1 B 14,1 B
Net cash 2021 1 478 B 1,26 B 1,26 B
P/E ratio 2021 3,80x
Yield 2021 0,23%
Capitalization 59 489 B 50 584 M 50 566 M
EV / Sales 2021 8,56x
EV / Sales 2022 6,80x
Nbr of Employees 4 315
Free-Float 90,8%
Chart NAVER CORPORATION
Duration : Period :
NAVER Corporation Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends NAVER CORPORATION
Short TermMid-TermLong Term
TrendsBearishNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 30
Last Close Price 398 500,00 KRW
Average target price 533 333,33 KRW
Spread / Average Target 33,8%
EPS Revisions
Managers and Directors
Seong-Sook Han Chief Executive Officer & Director
Sang-Jin Park Chief Financial Officer
In-Hyuk Choi Chief Operating Officer & Director
Yeon-Ah Jeong Head-Legal Affairs & Compliance Support
Hae-Jin Lee Global Investment Officer
Sector and Competitors
1st jan.Capi. (M$)
NAVER CORPORATION36.24%49 616
ALPHABET INC.63.14%1 876 098
BAIDU, INC.-31.11%51 802
Z HOLDINGS CORPORATION18.03%50 083
YANDEX N.V.2.13%25 510
SOGOU INC.9.82%3 471