NAVER Corp.

NAVER Corp.

KKRX:035420
173,600.00
KRW
-2,800.00
(-1.59%)
12,526.47EPS
14.76P/E
29.77TMarket Cap
Nov 12Next Earn
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
11,960.17
18,545.75
22,103.67
27,643.36
32,157.27
38,204.69
29,930.6
36,400.65
41,697.3
54,136.59
63,632.11
70,917.15
80,156.78
86,366.68
Basic EPS, GAAP
10,045.4
3,055.4
3,523.8
5,149.2
5,312.36
4,436.75
4,006
6,877
100,854
5,007
6,661
12,702
13,009
13,481.98
Free Cash Flow per Basic Share
992.81
3,757.31
4,855.07
6,799.22
3,001.93
2,681.94
5,807.19
3,990.78
3,511.19
4,591.4
8,619.52
13,273.5
11,831.51
9,000.6
Dividend per Share
141.96
147.04
156.53
220.8
223.95
290.42
321.97
377.1
365.65
1,405.19
410.57
785.83
1,121.84
- -
Book Value per Share
9,875.83
12,190.06
14,546.69
24,957.11
32,429.48
35,847.37
39,912.79
49,961.12
157,641.01
151,645.79
154,076.53
170,952.96
184,396.3
197,483.67
Tangible Book Value per Share
8,976.19
11,370.43
13,839.27
24,178.62
30,117.55
33,747.52
37,565.26
49,248.14
151,397.48
141,768.43
131,199.46
146,396.43
161,525.45
166,318.68
Basic Weighted Avg Shares
189
149
147
146
145
146
146
146
164
152
152
151
150
150
Sales/Revenue/Turnover
2,259,139
2,758,479
3,253,930
4,022,630
4,678,469
5,586,905
4,356,240
5,304,146
6,817,600
8,220,079
9,670,644
10,737,719
12,035,007
12,962,955
Operating Margin (%)
22.42
27.49
25.51
27.4
25.2
16.87
26.51
22.91
19.44
15.87
15.4
18.43
18.35
17.31
Depreciation Expense
131,697
144,085
155,984
162,954
206,256
261,067
498,012
495,278
433,445
560,909
582,339
673,516
745,298
- -
Net Income, GAAP
1,897,461
454,457
518,746
749,306
772,880
648,813
583,052
1,002,087
16,489,850
760,261
1,012,322
1,923,237
1,953,215
2,023,538
Effective Tax Rate (%)
28.32
36
27.82
31.88
35.39
43.97
33.82
30.15
30.51
37.88
33.51
16.8
24.85
22.8
Profit Margin (%)
83.99
16.47
15.94
18.63
16.52
11.61
13.38
18.89
241.87
9.25
10.47
17.91
16.23
15.61
Working Capital
503,716
865,075
955,727
2,396,008
2,481,497
2,765,898
1,870,596
2,632,908
1,604,559
958,937
722,508
3,282,751
2,909,586
3,706,337
LT Debt
110,097
242,714
150,000
150,000
49,934
811,624
1,357,598
242,849
3,394,503
2,621,807
3,168,229
3,257,984
2,211,127
3,841,536
Total Equity
1,475,309
1,797,418
2,269,579
4,129,599
5,305,186
5,949,141
6,503,926
8,255,132
24,027,376
23,450,322
24,237,999
27,000,912
28,953,013
31,029,795
Return on Invested Capital (%)
16.69
21.98
21.43
18.84
13.98
7.8
9.29
9.13
4.82
2.86
3.47
5.46
5.1
5.04
Return on Capital (%)
93.8
22.59
20.22
19.98
15.18
10.56
9.94
13.26
89.09
3.21
4.01
6.76
6.79
6.33
Return on Common Equity (%)
112.69
27.82
26.46
26.2
18.5
12.97
10.56
15.21
106.72
3.29
4.41
7.9
7.36
7.23

Capital Structure

KRW

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
1,962,370
2,760,346
1,358,202
LT Borrowings
1,256,362
1,120,189
2,825,163
LT Finance Leases
954,765
994,583
1,016,374
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
150
150
150
Market Capitalization
36,273,096
30,140,325
29,766,376

Working Capital

KRW

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
10,928,463
11,252,024
11,320,878
Cash, Cash Equivalents & STI
8,946,007
8,963,419
8,991,635
Accounts Receivable, Net
491,683
- -
- -
Inventories
20,235
32,366
35,561
Total Current Liabilities
8,018,877
9,364,778
7,614,542
Payables & Accruals
- -
- -
- -
ST Debt
1,962,370
2,760,346
1,358,202
Deferred Revenue
- -
- -
- -

Growth Rates

KRW

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
36.95%
42.13%
7.23%
Free Cash Flow
20.66%
29.97%
-11.61%
Net Income, GAAP
166.81%
314.97%
1.56%
Sales/Revenue/Turnover
14.89%
17.97%
12.08%
Total Cash Common Dividend
42.6%
65.44%
41.56%

Quarterly Revenue

KRW

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
2,526,055
2,610,486
2,715,557
2,885,621
10,737,719
2025
2,786,783
2,915,085
3,138,055
3,195,084
12,035,007
2026
3,241,061
3,388,755
- -
- -
- -

Quarterly Earnings Per Share

KRW

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
3,369
2,224
3,423
3,717.29
12,702
2025
2,781
3,256
4,843
2,093.98
13,009
2026
1,889
4,665
- -
- -
- -

Quarterly Dividends Per Share

KRW

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
785.83
2025
- -
- -
- -
- -
1,121.84
2026
- -
- -
- -
- -
- -

Company Description

CEO
Soo-Yeon Choi
Full Time Employees
5,047
Sector
Technology services
Industry
Packaged software
Address
NAVER Green Factory Seongnam-si GY South Korea 13561
IPO Date
Oct 29, 2002
Business
NAVER Corporation operates as a South Korean internet conglomerate primarily engaged in the development and operation of a comprehensive range of internet services and digital platforms. Its core products and services include its flagship search engine Naver, an online advertisement business, mobile applications, and digital content platforms such as Naver Webtoon, Naver Blog, and Naver Cafe. The company also develops fintech solutions including Naver Pay, provides cloud computing services through NAVER Cloud, and invests in AI and robotics technology via its R&D subsidiary NAVER Labs. NAVER Labs produces advanced technologies in autonomous driving, AI-powered robots, and the omni-tasking Whale browser, alongside AI-driven language translation services with Papago. The company holds significant stakes in the LINE messaging application, which dominates markets in Japan, Taiwan, Thailand, and Indonesia. Founded in 1999 and headquartered in Seongnam, South Korea, NAVER has expanded operations into key markets including Japan, Taiwan, Vietnam, Spain, China, and the United States. Recently, NAVER has announced a strategic investment exceeding 1 trillion South Korean won ($690 million) to enhance its AI infrastructure, specifically by acquiring 60,000 Nvidia Blackwell GPUs to boost next-generation robotics, cloud services, and physical AI applications that integrate generative AI, robotics, and data analytics. This investment marks a decisive shift from AI software development to AI infrastructure development, aiming to generate new revenue streams through a GPU-as-a-Service model catering to both public and private sectors. In addition, NAVER is advancing its 'On-Service AI' strategy to embed AI features across its ecosystem including search, e-commerce, content platforms, and fintech services with new launches such as an AI Shopping Assistant expected in early 2026 and expanded AI personalization in its Naver Plus Store. NAVER maintains a strong focus on technological innovation and digital transformation, driving growth through AI integration, cloud computing, digital advertising, and platform-based services. It serves a diverse customer base ranging from individual consumers to enterprises across multiple geographic regions. Under CEO Choi Soo-yeon, NAVER emphasizes the fusion of digital and physical industry transformation via AI and robotics as core pillars of its future growth strategy, enhancing its competitive positioning globally while continuing to lead the South Korean internet search market with over 70% market share. This combination of diversified digital platform offerings, strategic AI infrastructure investment, and expansion into physical AI domains positions NAVER Corporation as a leading global technology company shaping next-generation internet services, cloud computing, enterprise solutions, and AI-driven innovation.