Naver Corp Ord (NHNCF) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

I am Choe Myung Hwan from the IR team. I would like to thank the analysts and investors for joining Naver's 2025 Q2 earnings presentation. On this call, we're joined by CEOs Hyeong Choi and CFO Heeter Kim, and they will walk you through Naver's business highlights and strategies and financial results, after which we will entertain your questions. Please note that the earnings results are KIFRS-based, provided for timely communications, and have not yet been audited by an independent auditor. and hence are subject to change after such review. With that, I will turn it over to our CEO to present on the business highlights. Good morning. I am Jian Choi, the CEO. Recently, the global importance of high-quality data for AI applications has been growing, leading to an increase in the value of data-rich platforms. Naver, backed by an overwhelming volume of UGC and business data, such as shopping at local places, is a platform that captures detailed and comprehensive user behavior across daily activities, including search, shopping, payments, reservations, and visits, with a level of granularity rarely seen worldwide. By combining its proprietary content and data with AI technology, Naver is strengthening its platform competitiveness and expanding monetization. AI Briefing, now accounting for up to 8% of total search queries, has grown into a service with an MAU of 30 million. Search sessions featuring AI Briefing show higher search and content click volumes compared to standard search results. Metrics such as long-tail query volume and time spent at the top of the search page have also increased year over year, indicating positive improvements. We plan to expand AI briefing coverage to 20% by year-end above our initial target and further enhance the search experience with t...