Naver’s Q3 operating profit soars 38.2% to $378.8 mn

(News1)

Naver Corp. reported an estimated operating profit of 525.3 billion won ($378.8 million) for the third quarter of 2024, up 38.2 percent from the same period the year before.

The company reported a revenue of 2.72 trillion won, an increase of 11.1 percent year on year. Net income was 530.1 billion won, up 48.8 percent. The operating profit exceeded the market forecast of 503.2 billion won compiled by Yonhap Infomax by 4.4 percent.