Naver Corp Ord (NHNCF) Q4 2025 Earnings Call

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WEBVTT 00:00:00.875 -- 00:00:06.460 Analysts, investors, good morning. I am Paul Choi from the Capital Markets Office. 00:00:06.460 -- 00:00:12.005 First of all, I would like to thank you for joining Naver's 2025 Q4 earnings presentation. 00:00:12.005 -- 00:00:16.950 On this call, we're joined by CEO Seon Choi and CFO Hee-Chul Kim, and they'll walk you 00:00:16.950 -- 00:00:21.434 through Naver's business highlights and strategies and financial results, after which 00:00:21.434 -- 00:00:23.856 we'll entertain your questions. 00:00:23.856 -- 00:00:27.720 Please note that the earnings results are KIFRS-based, 00:00:27.720 -- 00:00:32.780 provided for timely communication, and have not been audited by 00:00:32.780 -- 00:00:35.566 an independent auditor, 00:00:35.566 -- 00:00:40.672 and hence are subject to change after such review. 00:00:41.278 -- 00:00:47.367 With that, I'll turn it over to our CEO to present on the business highlights. 00:00:47.472 -- 00:00:52.706 Good morning, I am Sian Choi, the CEO. In 2025, Naver strengthened 00:00:52.706 -- 00:00:57.312 its technological competitiveness and personalized content recommendation by expanding 00:00:57.312 -- 00:01:02.079 its content supply and building an integrated foundation model while focusing on enhancing 00:01:02.079 -- 00:01:07.105 usability across services, including Home Feed and Clip, and introducing a new search 00:01:07.105 -- 00:01:09.889 experience through AI briefing. 00:01:09.889 -- 00:01:14.896 As a result, user engagement metrics within the Naver ecosystem showed improvement, 00:01:14.896 -- 00:01:19.835 and when combined with increased advertising efficiency driven by AI technologies, This 00:01:19.835 -- 00:01:23.958 enables NABRA to deliver new values to users. 00:01:24.001 -- 00:01:29.107 In 202...