Naver Corp Ord (NHNCF) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Analysts, investors, good morning. I am Paul Choi from the Capital Markets Office. First of all, I would like to thank you for joining Naver's 2025 Q4 earnings presentation. On this call, we're joined by CEO Seon Choi and CFO Hee-Chul Kim, and they'll walk you through Naver's business highlights and strategies and financial results, after which we'll entertain your questions. Please note that the earnings results are KIFRS-based, provided for timely communication, and have not been audited by an independent auditor, and hence are subject to change after such review. With that, I'll turn it over to our CEO to present on the business highlights. Good morning, I am Sian Choi, the CEO. In 2025, Naver strengthened its technological competitiveness and personalized content recommendation by expanding its content supply and building an integrated foundation model while focusing on enhancing usability across services, including Home Feed and Clip, and introducing a new search experience through AI briefing. As a result, user engagement metrics within the Naver ecosystem showed improvement, and when combined with increased advertising efficiency driven by AI technologies, This enables NABRA to deliver new values to users. In 2026, NABRA will focus on delivering new experiences in which Gen AI is seamlessly integrated across its core services, including search, discovery, and exploration, and commerce. In the near term, NABRA will expand its AI briefing coverage, and within the first half of the year, launch its first shopping agent and AI tab to provide more immersive user experience. In parallel, Naver will continue to explore new monetization opportunities in line with these changes. In commerce, where a structural shift from search toward discovery and exploration centered...