Technology Services

NAVER Corp.

Business Summary

NAVER Corp. engages in the provision of internet advertisement and searches portal business. It offers services through the internet portals such as Naver, Junior Naver, and Happybean. The Naver provides community services including blogs and cafes, other convenient services such as news, knowledge shopping, maps, books, e-mail, and naver toolbar. The Junior Naver offers educational content for children including the homework helper and preschool; children and parents such as children's song world, fairy tale travel, and parents room; and entertainment services such as animal farm and game land. The Happybean is an online donation portal that bridges internet users to participate in donation activities and organizations. The company was founded on June 2, 1999 and is headquartered in Seongnam-si, South Korea.

Financial Highlights

Dec 2022	KRW	USD
Revenue	8,220.07B	6,361.78M
Gross Profit	1,745.33B	1,350.77M
Operating income	1,304.66B	1,009.72M
Income before tax	986,955.93M	763.83M
Net income	760,260.87M	588.39M
EBITDA	1,865.57B	1,443.82M
Diluted EPS	4,985.43	3.85
Dividends Per Share	--	--
Total Assets	33,899.04B	26,808.25M
Total liabilities	10,448.72B	8,263.12M
Total equity	22,744.09B	17,986.63M
Operating cash flow	1,453.39B	1,124.82M
	Currency in KRW	Currency in USD

Historical Data

KRW | USD

	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022
Revenue	5,586.90B	4,356.23B	5,304.14B	6,817.59B	8,220.07B
Gross Profit	1,532.95B	1,387.24B	1,472.36B	1,635.96B	1,745.33B
Operating income	940,609.23M	1,153.73B	1,214.92B	1,325.47B	1,304.66B
Income before tax	1,196.74B	1,372.83B	1,518.00B	1,581.69B	986,955.93M
Net income	643,826.90M	934,306.91M	1,144.88B	1,493.47B	760,260.87M
EBITDA	1,201.67B	1,408.48B	1,539.36B	1,758.92B	1,865.57B
Diluted EPS	4,436.75	4,006.32	6,838.75	10,299.08	4,985.43
Dividends Per Share	314	376	402	511	--
Total Assets	9,881.19B	12,299.52B	17,014.23B	33,691.00B	33,899.04B
Total liabilities	3,932.05B	5,795.60B	8,759.10B	9,663.63B	10,448.72B
Total equity	5,240.28B	5,805.22B	7,367.21B	23,535.63B	22,744.09B
Operating cash flow	973,506.36M	1,356.84B	1,447.21B	1,379.90B	1,453.39B

	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022
Revenue	5,076.61M	3,735.46M	4,495.46M	5,953.40M	6,361.78M
Gross Profit	1,392.93M	1,189.55M	1,247.88M	1,428.58M	1,350.77M
Operating income	854.69M	989.32M	1,029.69M	1,157.46M	1,009.72M
Income before tax	1,087.43M	1,177.19M	1,286.56M	1,381.20M	763.83M
Net income	585.02M	801.16M	970.33M	1,304.16M	588.39M
EBITDA	1,091.91M	1,207.77M	1,304.67M	1,535.96M	1,443.82M
Diluted EPS	4.03	3.43	5.79	8.99	3.85
Dividends Per Share	0.28	0.32	0.34	0.44	--
Total Assets	8,855.70M	10,635.58M	15,662.55M	28,341.54M	26,808.25M
Total liabilities	3,523.97M	5,011.54M	8,063.24M	8,129.23M	8,263.12M
Total equity	4,696.43M	5,019.86M	6,781.93M	19,798.64M	17,986.63M
Operating cash flow	884.58M	1,163.48M	1,226.56M	1,204.99M	1,124.82M

Valuation Measures

Dec 2022
PER	35.44
ROA	2.24%
ROE	3.28%
Operating margin	15.87%
Profit margin	9.24%

Key executives

President, Chief Executive Officer & Director: Soo-Yeon Choi
Chief Financial Officer: Nam-Sun Kim
Global Investment Officer: Hae-Jin Lee

Shareholders

National Pension Service of Korea (8.4%)
NAVER Corp. (8.4%)
LEE HAE-JIN /NHN/ (3.7%)
The Vanguard Group, Inc. (2.4%)
Harris Associates LP (2.2%)
BlackRock Fund Advisors (1.9%)
Norges Bank Investment Management (1.4%)
Artisan Partners LP (1.2%)
Samsung Asset Management Co., Ltd. (1.1%)
BlackRock Advisors (UK) Ltd. (0.9%)

Contact Details

Website:http://www.navercorp.com
Address: 16/F, Naver Green Factory, 6 Buljeong-ro, Seongnam-si, 13561, South Korea
Phone: +82.1588.3830

Related Companies

Webtoon Entertainment, Inc.
NAVER Cloud Corp.
Naver France SAS
Nexthive International Pte Ltd.
NAVER J. Hub Corp.
Munpia Co., Ltd.
Daeha Plastic Compound India Pvt Ltd.
NAVER WEBTOON Ltd.
Company AI Co., Ltd.
Spring Camp
D2 Startup Factory
Works Mobile Corp.
Xerox Research Centre Europe
Naver Labs Corp.
NAVER Business Platform Europe GmbH
NAVER Business Platform America
NAVER Business Platform Asia Pacific
Commpartners Co., Ltd.
Naver Corp. /App Store Bus/
MBARO, Inc.
BrainPub Corp.
Naver Business Platform Corp.
Camp Mobile Corp.
Orange Crew Corp.
Game Marketing & Business Corp.
NHN I&S Corp.
N-Visions
Search Solutions, Inc.
NAVER China Corp.
NHN Global Ltd.

Competitors

Alibaba Group Holding Limited
Flitto, Inc.
SALTLUX Inc
NHN KCP Corp.
Snap, Inc. Class A
KidariStudio, Inc.
eBay Inc.
BK TOPS Co., Ltd.
Connectwave Co., Ltd.
D&C MEDIA CO.,LTD.
Hanryu Holdings, Inc.
KT Skylife Co., Ltd
Shinhan Financial Group Co., Ltd.
trivago N.V. Sponsored ADR Class A
WebCash Corp.
Wider Planet Inc.
Woongjin Thinkbig Co., Ltd

Last Updated on 5 Jun, 2023