South Korea · Delayed Price · Currency is KRW NHN Corporation Earnings Call Transcripts
Fiscal Year 2026
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Q2 revenue grew 8.7% YoY to KRW 599.4B, with operating profit up 36.3% YoY, despite a 70% YoY drop in net profit due to a KRW 10.2B TMON bad debt. Cloud and payment segments showed strong growth, while game launches were delayed for quality improvements.
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Q1 revenue grew 11.9% year-over-year, led by strong gains in payment and tech segments, but operating profit fell due to upfront cloud investments. Cloud and AI infrastructure expansion, a share buyback, and robust payment growth position the company for improved performance ahead.
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Record Q2 revenue and operating profit were driven by strong growth in game, payment, and tech segments, with NHN Cloud's AI GPU business as a key contributor. Cost controls and business streamlining improved profitability, while new regulations impact NHN Cloud IPO plans.