Naver Q1 2026: Revenue KRW 3.24T (+16.3% YoY), Global C2C Expansion and AI Investment Continue

Consolidated Q1 2026: Revenue KRW 3.24T (+16.3% YoY), Operating Profit KRW 541.8B, Net Profit Attributable to Parent KRW 285.3B.
Segment: Naver Platform KRW 1.84T (+14.7%), Financial Platform KRW 459.7B (+18.9%), Global Challenge KRW 941.6B (+18.4%) – all segments grew.
R&D expense KRW 602B (18.6% of revenue), up from KRW 502B in prior year, continuing AI and new tech investment.
CapEx KRW 451.3B (2.2x YoY), expanding server and data center investment.
Shareholder returns: FY2025 dividend of KRW 393.6B (KRW 2,630/share) paid in April 2026. 2025-2027 shareholder return policy: 25-35% of 2-year average consolidated FCF via dividends or share buyback/cancellation.
Global expansion: Completed acquisition of Spanish C2C platform 'Wallapop' (Jan, EUR 563M). Subsidiary Naver Financial is conducting a share exchange with Dunamu (under regulatory review).
Intellectual property: Total 4,652 rights (3,174 patents, 1,165 trademarks, 313 designs).
Financial soundness: Total liabilities KRW 14.0T, total equity KRW 30.9T, 94 consolidated subsidiaries.

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