Naver, 1Q09 OR W301.8bn. 4.5% YoY ↑
Search, Commerce, Pin Tech, Content, Cloud Sector, 1Q11 by Naver, has grown all over the previous year. However, due to the effect of seasonal factors, the division's earnings except for the commerce decreased compared to the previous quarter . Naver said on the first quarter of this year, reaching USA, W1.845bn, operating profit of W318bn, and Adjusted EBITDA (EBITDA + stock compensation cost), said on the 21st. Connection sales increased by 23.1% YoY, and 4.3% from the previous quarter, decreased by 4.3% YoY. Connection operating profit increased by 4.5% YoY, and 14.1% QoQ to W318bn. Sales by business division ▲ Search Platform 843.2 billion won ▲ Commerce W46.1bn ▲ Pin Tech W274.8 billion ▲ Content 2,17 billion won ▲ Cloud 94.2 billion won. The search platform has grown 12% YoY, depending on the improvement of search quality and reorganizing smartplace, but it was 8,43.2 billion won decreased by 4.9% QoQ due to seasonal factors. Commerce recorded 28.3% YoY, and 2.7% from