Naver Q2 2025: Operating Income Up 10.3% to 521.6 Billion Won, Net Profit Jumps 49.8% on Base Effect
Naver Corp. (Naver) has reported its corporate results for the second quarter of 2025: operating income rose 10.3% year on year to 521.6 billion won, revenue increased 11.7% to 2.91 trillion won, and net profit climbed 49.8% to 497.4 billion won (about US$358.7 million). The near-doubling of the bottom line is attributed to a base effect, since the prior-year result was affected by the exclusion of the database unit Naver Z Corp. from consolidation, while the reported operating income also exceeded analyst expectations, which had averaged 430.9 billion won.
Second quarter of 2025: growth across all three headline lines
SEONGNAM, South Korea, August 8, 2025 — Naver Corp. (Naver) has published its corporate results for the second quarter of 2025, and the company's corporate information is available on its website at https://www.navercorp.com/. The quarter delivered growth in every headline performance line: the top line and the operating line both advanced at a double-digit or near-double-digit pace, while the bottom line rose by almost half against the same period a year earlier.
The key reported figures for the second quarter of 2025 are as follows:
- revenue — 2.91 trillion won, up 11.7% year on year;
- operating income — 521.6 billion won, up 10.3% year on year;
- net profit — 497.4 billion won (about US$358.7 million), up 49.8% year on year.
Taken together, the three lines describe a quarter in which sales expansion and operating performance moved in the same direction, and in which the reported profit figure advanced at a markedly faster rate than either of the two lines above it. The 11.7% revenue growth and the 10.3% operating income growth sit close to one another, while the 49.8% increase in net profit stands apart as the fastest-moving line of the quarter.
Operating income ahead of the market consensus
The reported operating income of 521.6 billion won exceeded analyst expectations for the quarter: the average estimate compiled by Yonhap Infomax stood at 430.9 billion won, so the company's result came in above the consensus that market watchers had formed ahead of the announcement. The beat means that the quarter's operating performance was not merely higher than a year earlier in percentage terms, but also stronger than the level the analyst community had projected for the period.
Why net profit rose 49.8%: the base effect of the Naver Z exclusion
The sharp increase in net profit is attributed to a base effect rather than to a comparable like-for-like jump in earnings power. In the prior-year period, the company's bottom line was affected by the exclusion of the database unit Naver Z Corp. from consolidation, which depressed the comparison base. Measured against that lowered base, the second quarter of 2025 shows net profit of 497.4 billion won (about US$358.7 million), up 49.8% year on year.
The distinction matters for reading the quarter correctly: the revenue and operating income lines grew on their own reported momentum, at 11.7% and 10.3% respectively, whereas the near-50% rise in net profit carries the additional arithmetic of the changed consolidation perimeter from the prior year. Both effects are part of the same reported result, and the company's figures present them together as the explanation of the quarter's bottom line.
The quarter in perspective
For the second quarter of 2025, the reported combination is therefore a double-digit top line at 2.91 trillion won, an operating result of 521.6 billion won that cleared the 430.9 billion won consensus, and a net profit of 497.4 billion won (about US$358.7 million) whose 49.8% growth rate reflects the prior-year base effect of the Naver Z Corp. exclusion. No other quarterly line in the announcement moves against this direction: revenue, operating income and net profit all stand higher than in the same quarter of the previous year.
The announcement thus frames the second quarter of 2025 as a period of broad-based improvement for Naver Corp., with the scale of the net profit increase explained by the consolidation change of the prior year and the operating beat confirming that the quarter's underlying performance also ran ahead of external expectations.
Company information
Company: Naver Corp. (Naver)
Contacts: Naver Corporate Communications, Seongnam; media enquiries via https://www.navercorp.com/
Company website: https://www.navercorp.com/
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