Earnings Alerts

Naver Corp (035420) Earnings: 2Q Operating Profit Surpasses Estimates at 472.7 Billion Won

  • Naver’s operating profit in Q2 2024 is 472.7 billion won, surpassing the estimate of 437.21 billion won.
  • The net profit for Q2 2024 stands at 338.4 billion won, higher than the expected 329.57 billion won.
  • Sales for the quarter reached 2.61 trillion won, slightly below the forecast of 2.64 trillion won.
  • There are 34 buy recommendations, 3 hold recommendations, and 0 sell recommendations for Naver stock.

Naver Corp on Smartkarma

On Smartkarma, independent analysts like Sanghyun Park and Douglas Kim are providing valuable insights on Naver Corp. Sanghyun Park‘s research discusses the ongoing negotiations between Naver and Softbank regarding the sale of A Holdings stake. Market speculation points to Naver’s plans for AI development following Softbank’s rejection of CLOVA X in LINE. Expectations are high for a sale agreement soon, with attention drawn to how Softbank secures funds for the acquisition.

Douglas Kim‘s analysis sheds light on the pressure Naver faces from the Japanese government to sell its stake in LINE. This pressure is linked to a data breach incident in November 2023. The most likely scenario discussed involves Naver selling a significant stake in A Holdings to SoftBank. Additionally, Naver’s efforts to complete the IPO of Webtoon Entertainment in the US stock market, valued at around US$3-4 billion, are expected to have a positive impact on Naver Corp.


A look at Naver Corp Smart Scores

FactorScoreMagnitude
Value3
Dividend2
Growth4
Resilience4
Momentum4
OVERALL SMART SCORE3.4

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma



Based on the Smartkarma Smart Scores, Naver Corp shows a promising long-term outlook. With solid scores in Growth, Resilience, and Momentum, the company is positioned well for future success. Naver’s strong growth potential, resilience in the face of market challenges, and positive momentum indicate a robust performance in the coming years. While the Value and Dividend scores are not as high as other factors, the overall scores suggest a positive trajectory for Naver Corp.

Naver Corp, known for providing Internet site services including search engines, online games, and content development, also offers marketing services through text and banner advertisements. With a balanced mix of key factors contributing to its Smartkarma Smart Scores, Naver Corp appears to have a bright future ahead in the digital landscape, leveraging its strengths in growth, resilience, and momentum to drive continued success in the market.



Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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