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.

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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 the previous quarter. The Commerce Transactions have grown 18.8% YoY to 18.8% YoY, and new vertical services such as branded store, shopping lives, junior view, and presentation have increased by 78% YoY,

Pin Tech rose by 31.1% YoY, but it has decreased by 6.9% QoQ due to the effect of FY fees, and the earlier accounting effects. The Naver Pay Get a total payment of Naver Pay achieved 33.9% YoY, and 3.0% from the previous quarter, reaching 11.2 trillion won.

The content grown 65.9% YoY, but it has been reduced by 7% on the previous quarter, due to the effect of V-Live (V Live), excluding V Live (V Live), Cream, Museum's sales reimburs,. Webtoon has risen 79.5% YoY to 79.5% YoY, and continues to grow up to 1.8 billion in global activities and US $ 15 million.

The cloud rose 15.3% YoY, but it has decreased by 12.1% QoQ due to the unparalleled unit of the public sector.


Choi, Soo-yeon Naver, said, "Global level services and businesses such as Naver, Shopping, Local, Pay, Webtoon, Jeppto, and Cloud provide a wide range of business, The size of the business potential generated through mutual supplement is unique. "

"The new executives will further enhance search, commerce, settlement, and pin tek business links, and to strengthen the synergy, and strengthen efforts to improve our continued growth and profitability of domestic business, while global webtoons Added with growth efforts, we will seek the opportunity for active partnerships to explore the opportunity. "

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