Naver Corp Ord (NHNCF) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, we will now begin Naver's 2025 Q3 earnings conference call. For the benefit of our investors joining from home and abroad, we will provide simultaneous interpretation service for the presentation and switch to consecutive interpretation for the Q&As. Good morning, I am Choi Myung-hwan from the Office of Capital Market. I would like to thank the analysts and investors for joining NABIRS 2025 Q3 earnings presentation. On this call, we are joined by CEO Suhyun Choi and CFO Heechul Kim, and they will walk you through NABIRS 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 Jiwon Choi, the CEO. In Q3, NIOVA continued to strengthen its foundation for new growth by advancing its services and monetization through the integration of AI technology into content and data. In search, AI briefing has been expanded to 15% coverage leading to a notable improvement in user satisfaction and delivery, delivering a positive user experience. At the same time, the revamped home screen, along with expanded content supply through Click and Shopping Connect, as well as personalized recommendations, contributed to higher usability. As a result, the royal user base strengthened both quantitatively and qualitatively during the quarter. Supported by these initiatives, together with Naver's solid media influence and strong monetization capability, overall advertising revenue on the Naver's platform grew by 10.5% YOY. In commerce, Naver ...