Naver Corp
KRX:035420
Income Statement
Earnings Waterfall
Naver Corp
Income Statement
Naver Corp
| Dec-2010 | Mar-2011 | Jun-2011 | Sep-2011 | Dec-2011 | Mar-2012 | Jun-2012 | Sep-2012 | Dec-2012 | Mar-2013 | Jun-2013 | Sep-2013 | Dec-2013 | Mar-2014 | Jun-2014 | Sep-2014 | Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | Mar-2024 | Jun-2024 | Sep-2024 | Dec-2024 | Mar-2025 | Jun-2025 | Sep-2025 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Interest Expense |
7 784
|
0
|
0
|
0
|
11 732
|
0
|
0
|
1 874
|
6 525
|
5 544
|
7 449
|
6 703
|
6 748
|
6 517
|
5 998
|
6 162
|
5 726
|
5 502
|
5 392
|
5 386
|
5 743
|
6 140
|
6 647
|
6 960
|
6 070
|
4 326
|
2 651
|
1 112
|
569
|
0
|
0
|
0
|
13 724
|
0
|
0
|
0
|
16 538
|
0
|
0
|
0
|
21 666
|
0
|
0
|
0
|
45 166
|
0
|
0
|
0
|
71 692
|
0
|
0
|
0
|
127 078
|
0
|
0
|
0
|
104 881
|
0
|
0
|
0
|
|
| Revenue |
1 790 600
N/A
|
1 860 875
+4%
|
1 949 186
+5%
|
2 031 495
+4%
|
2 121 318
+4%
|
2 035 896
-4%
|
1 945 669
-4%
|
1 860 206
-4%
|
1 798 657
-3%
|
1 895 383
+5%
|
2 003 882
+6%
|
2 132 441
+6%
|
2 259 139
+6%
|
2 369 762
+5%
|
2 512 816
+6%
|
2 640 420
+5%
|
2 758 479
+4%
|
2 873 299
+4%
|
2 968 811
+3%
|
3 109 338
+5%
|
3 253 930
+5%
|
3 450 641
+6%
|
3 656 526
+6%
|
3 829 071
+5%
|
4 022 630
+5%
|
4 167 597
+4%
|
4 309 947
+3%
|
4 497 548
+4%
|
4 678 469
+4%
|
4 905 282
+5%
|
5 139 266
+5%
|
5 336 304
+4%
|
5 586 905
+5%
|
5 788 706
+4%
|
4 995 594
-14%
|
4 693 736
-6%
|
4 356 240
-7%
|
4 000 072
-8%
|
4 705 610
+18%
|
4 970 534
+6%
|
5 304 146
+7%
|
5 648 522
+6%
|
6 036 029
+7%
|
6 402 505
+6%
|
6 817 600
+6%
|
7 163 752
+5%
|
7 545 984
+5%
|
7 876 061
+4%
|
8 220 079
+4%
|
8 655 299
+5%
|
9 017 422
+4%
|
9 405 383
+4%
|
9 670 644
+3%
|
9 916 256
+3%
|
10 118 838
+2%
|
10 389 103
+3%
|
10 737 719
+3%
|
10 998 447
+2%
|
11 303 046
+3%
|
11 725 544
+4%
|
|
| Gross Profit | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Cost of Revenue |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(2 346)
|
0
|
0
|
0
|
(8 062)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
| Gross Profit |
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
779 050
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
979 219
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
|
| Operating Income | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Operating Expenses |
(1 194 699)
|
(1 249 594)
|
(1 339 554)
|
(1 430 741)
|
(1 460 965)
|
(1 424 428)
|
(1 366 069)
|
(1 312 240)
|
(1 277 470)
|
(1 376 136)
|
(1 475 013)
|
(1 621 570)
|
(1 752 600)
|
(1 805 268)
|
(1 886 352)
|
(1 925 521)
|
(2 000 280)
|
(2 107 026)
|
(2 199 905)
|
(2 310 501)
|
(2 423 705)
|
(2 557 961)
|
(2 672 472)
|
(2 792 040)
|
(2 920 589)
|
(3 031 586)
|
(3 161 387)
|
(3 319 202)
|
(3 499 281)
|
(3 780 042)
|
(4 048 051)
|
(4 336 910)
|
(4 644 372)
|
(4 896 910)
|
(3 967 493)
|
(3 600 863)
|
(3 201 214)
|
(2 759 509)
|
(3 543 852)
|
(3 803 538)
|
(4 088 803)
|
(4 436 129)
|
(4 796 094)
|
(5 104 524)
|
(5 492 122)
|
(5 825 319)
|
(6 207 026)
|
(6 556 632)
|
(6 915 414)
|
(7 321 930)
|
(7 647 548)
|
(7 985 571)
|
(8 181 823)
|
(8 354 105)
|
(8 456 657)
|
(8 581 833)
|
(8 758 456)
|
(8 953 176)
|
(9 208 906)
|
(9 586 026)
|
|
| Selling, General & Administrative |
(1 074 612)
|
0
|
0
|
0
|
(1 378 665)
|
0
|
0
|
(302 598)
|
(1 182 843)
|
(980 075)
|
(1 368 665)
|
(1 507 720)
|
(1 638 679)
|
(1 683 778)
|
(1 758 395)
|
(1 791 869)
|
(1 861 414)
|
(1 963 104)
|
(2 051 780)
|
(2 157 472)
|
(2 270 766)
|
(2 401 945)
|
(2 515 689)
|
(2 623 792)
|
(2 757 651)
|
(2 854 684)
|
(2 986 569)
|
(3 132 430)
|
(3 293 025)
|
0
|
0
|
0
|
(4 383 305)
|
0
|
0
|
0
|
(2 946 464)
|
0
|
0
|
0
|
(3 764 364)
|
0
|
0
|
0
|
(5 058 677)
|
0
|
0
|
0
|
(6 354 506)
|
0
|
0
|
0
|
(7 599 484)
|
0
|
0
|
0
|
(8 084 940)
|
0
|
0
|
0
|
|
| Depreciation & Amortization |
(93 197)
|
0
|
0
|
0
|
(88 261)
|
0
|
0
|
(22 697)
|
(94 627)
|
(78 682)
|
(103 504)
|
(111 005)
|
(113 921)
|
(119 166)
|
(127 957)
|
(133 652)
|
(138 865)
|
(143 922)
|
(148 124)
|
(150 684)
|
(152 939)
|
(153 670)
|
(156 783)
|
(160 186)
|
(162 938)
|
(168 840)
|
(174 817)
|
(186 772)
|
(206 256)
|
0
|
0
|
0
|
(261 067)
|
0
|
0
|
0
|
(254 750)
|
0
|
0
|
0
|
(324 440)
|
0
|
0
|
0
|
(433 445)
|
0
|
0
|
0
|
(560 909)
|
0
|
0
|
0
|
(582 339)
|
0
|
0
|
0
|
(673 516)
|
0
|
0
|
0
|
|
| Other Operating Expenses |
(26 890)
|
(1 249 594)
|
(1 339 554)
|
(1 430 741)
|
5 960
|
(1 424 428)
|
(1 366 069)
|
(986 946)
|
(0)
|
(317 379)
|
(2 844)
|
(2 844)
|
0
|
(2 324)
|
0
|
0
|
0
|
0
|
0
|
(2 346)
|
0
|
(2 346)
|
(0)
|
(8 062)
|
0
|
(8 062)
|
0
|
0
|
0
|
(3 780 042)
|
(4 048 051)
|
(4 336 910)
|
0
|
(4 896 910)
|
(3 967 493)
|
(3 600 863)
|
0
|
(2 759 509)
|
(3 543 852)
|
(3 803 538)
|
0
|
(4 436 129)
|
(4 796 094)
|
(5 104 524)
|
0
|
(5 825 319)
|
(6 207 026)
|
(6 556 632)
|
0
|
(7 321 930)
|
(7 647 548)
|
(7 985 571)
|
0
|
(8 354 105)
|
(8 456 657)
|
(8 581 833)
|
0
|
(8 953 176)
|
(9 208 906)
|
(9 586 026)
|
|
| Operating Income |
595 902
N/A
|
611 281
+3%
|
609 632
0%
|
600 753
-1%
|
660 352
+10%
|
611 468
-7%
|
579 600
-5%
|
547 966
-5%
|
521 187
-5%
|
519 246
0%
|
528 869
+2%
|
510 872
-3%
|
506 539
-1%
|
564 494
+11%
|
626 465
+11%
|
714 898
+14%
|
758 199
+6%
|
766 273
+1%
|
766 561
+0%
|
798 837
+4%
|
830 225
+4%
|
892 680
+8%
|
975 992
+9%
|
1 037 031
+6%
|
1 102 040
+6%
|
1 136 010
+3%
|
1 148 560
+1%
|
1 178 346
+3%
|
1 179 188
+0%
|
1 125 240
-5%
|
1 091 215
-3%
|
999 393
-8%
|
942 533
-6%
|
891 797
-5%
|
1 028 102
+15%
|
1 092 872
+6%
|
1 155 025
+6%
|
1 240 563
+7%
|
1 161 758
-6%
|
1 166 996
+0%
|
1 215 342
+4%
|
1 212 393
0%
|
1 239 935
+2%
|
1 297 981
+5%
|
1 325 478
+2%
|
1 338 432
+1%
|
1 338 958
+0%
|
1 319 429
-1%
|
1 304 664
-1%
|
1 333 369
+2%
|
1 369 875
+3%
|
1 419 812
+4%
|
1 488 820
+5%
|
1 562 152
+5%
|
1 662 180
+6%
|
1 807 269
+9%
|
1 979 263
+10%
|
2 045 272
+3%
|
2 094 140
+2%
|
2 139 517
+2%
|
|
| Pre-Tax Income | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Interest Income Expense |
17 490
|
10 649
|
10 170
|
1 184
|
1 326
|
19 165
|
21 611
|
41 128
|
63 124
|
68 940
|
68 156
|
85 430
|
56 261
|
43 799
|
47 027
|
42 915
|
54 485
|
69 126
|
71 518
|
45 947
|
34 565
|
19 940
|
7 039
|
20 761
|
24 935
|
43 188
|
67 106
|
76 981
|
74 124
|
28 184
|
(13 004)
|
(59 698)
|
(11 904)
|
(243 399)
|
(213 925)
|
(212 986)
|
263 966
|
(7 864)
|
(58 210)
|
(30 708)
|
496 288
|
52 770
|
134 948
|
156 985
|
953 218
|
(197 677)
|
(471 848)
|
(510 008)
|
(202 304)
|
(691 097)
|
(452 179)
|
(360 112)
|
157 019
|
(338 971)
|
(381 795)
|
(421 269)
|
32 042
|
(26 404)
|
(12 973)
|
219 657
|
|
| Non-Reccuring Items |
(1 547)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(9 743)
|
0
|
0
|
0
|
(2 243)
|
0
|
(129 341)
|
(129 559)
|
(130 273)
|
(131 799)
|
(1 527)
|
(2 215)
|
(19 822)
|
(19 743)
|
(7 411)
|
(6 535)
|
7 704
|
8 775
|
(7 337)
|
(5 852)
|
(19 771)
|
0
|
0
|
0
|
269 974
|
0
|
0
|
0
|
25 433
|
0
|
0
|
0
|
21 073
|
0
|
0
|
0
|
(13 078)
|
0
|
0
|
0
|
(75 584)
|
0
|
0
|
0
|
(56 459)
|
0
|
0
|
0
|
270 449
|
0
|
0
|
0
|
|
| Gain/Loss on Disposition of Assets |
0
|
0
|
0
|
0
|
8 733
|
0
|
0
|
250
|
180
|
374
|
587
|
116
|
245
|
587
|
1 761
|
2 160
|
1 375
|
2 436
|
1 233
|
1 281
|
1 389
|
994
|
28 184
|
27 973
|
27 867
|
27 818
|
693
|
885
|
1 040
|
0
|
0
|
0
|
2 533
|
0
|
0
|
0
|
1 436
|
0
|
0
|
0
|
2 584
|
0
|
0
|
0
|
2 678
|
0
|
0
|
0
|
203 243
|
0
|
0
|
0
|
3 108
|
0
|
0
|
0
|
128 534
|
0
|
0
|
0
|
|
| Total Other Income |
(8 348)
|
0
|
0
|
0
|
(38 284)
|
(48 906)
|
(48 722)
|
(50 155)
|
(26 202)
|
(20 501)
|
(35 857)
|
(34 492)
|
(121 055)
|
(147 587)
|
(136 666)
|
(141 074)
|
(24 942)
|
(8 254)
|
(22 916)
|
(25 477)
|
(23 135)
|
(39 142)
|
(22 176)
|
(20 580)
|
(30 776)
|
(33 469)
|
(32 976)
|
(41 333)
|
(38 752)
|
(8 693)
|
149 757
|
154 058
|
(91 463)
|
397 400
|
250 779
|
346 295
|
(54 604)
|
388 810
|
399 768
|
380 573
|
(101 728)
|
373 248
|
621 299
|
674 661
|
(141 897)
|
817 395
|
707 097
|
644 487
|
(146 302)
|
301 384
|
183 888
|
171 696
|
(111 093)
|
801 804
|
790 846
|
833 975
|
(88 105)
|
223 251
|
377 218
|
302 825
|
|
| Pre-Tax Income |
603 496
N/A
|
621 930
+3%
|
619 802
0%
|
601 938
-3%
|
632 128
+5%
|
581 727
-8%
|
552 488
-5%
|
539 189
-2%
|
548 545
+2%
|
568 059
+4%
|
561 755
-1%
|
561 925
+0%
|
439 748
-22%
|
461 292
+5%
|
409 246
-11%
|
489 340
+20%
|
658 844
+35%
|
697 782
+6%
|
814 869
+17%
|
818 373
+0%
|
823 222
+1%
|
854 729
+4%
|
981 627
+15%
|
1 058 650
+8%
|
1 131 771
+7%
|
1 182 322
+4%
|
1 176 047
-1%
|
1 209 028
+3%
|
1 195 829
-1%
|
1 144 731
-4%
|
1 227 968
+7%
|
1 093 754
-11%
|
1 111 672
+2%
|
1 045 797
-6%
|
1 064 956
+2%
|
1 226 182
+15%
|
1 391 256
+13%
|
1 621 509
+17%
|
1 503 317
-7%
|
1 516 861
+1%
|
1 633 559
+8%
|
1 638 412
+0%
|
1 996 182
+22%
|
2 129 626
+7%
|
2 126 400
0%
|
1 958 150
-8%
|
1 574 207
-20%
|
1 453 907
-8%
|
1 083 717
-25%
|
943 656
-13%
|
1 101 584
+17%
|
1 231 396
+12%
|
1 481 396
+20%
|
2 024 985
+37%
|
2 071 231
+2%
|
2 219 975
+7%
|
2 322 184
+5%
|
2 242 119
-3%
|
2 458 385
+10%
|
2 661 999
+8%
|
|
| Net Income | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Tax Provision |
(155 072)
|
(160 640)
|
(164 946)
|
(151 359)
|
(179 999)
|
(166 575)
|
(158 166)
|
(151 872)
|
(147 877)
|
(143 848)
|
(156 286)
|
(176 775)
|
(124 550)
|
(155 568)
|
(156 366)
|
(167 793)
|
(237 182)
|
(266 712)
|
(258 112)
|
(266 330)
|
(229 003)
|
(216 291)
|
(277 576)
|
(290 488)
|
(360 864)
|
(378 307)
|
(413 441)
|
(433 052)
|
(423 173)
|
(432 442)
|
(405 475)
|
(418 705)
|
(488 756)
|
(484 931)
|
(458 277)
|
(448 416)
|
(470 550)
|
(495 178)
|
(508 789)
|
(517 843)
|
(492 535)
|
(479 318)
|
(492 213)
|
(546 902)
|
(648 669)
|
(643 648)
|
(641 783)
|
(612 655)
|
(410 537)
|
(378 219)
|
(407 905)
|
(413 066)
|
(496 379)
|
(527 819)
|
(528 724)
|
(503 597)
|
(390 208)
|
(442 285)
|
(493 249)
|
(492 217)
|
|
| Income from Continuing Operations |
448 425
|
461 290
|
454 856
|
450 579
|
452 128
|
415 152
|
394 323
|
387 317
|
400 668
|
424 211
|
405 469
|
385 150
|
315 197
|
305 724
|
252 881
|
321 547
|
421 662
|
431 070
|
556 756
|
552 043
|
594 219
|
638 438
|
704 051
|
768 162
|
770 907
|
804 016
|
762 606
|
775 975
|
772 656
|
712 289
|
822 493
|
675 049
|
622 916
|
560 867
|
606 679
|
777 765
|
920 706
|
1 126 331
|
994 528
|
999 018
|
1 141 024
|
1 159 093
|
1 503 969
|
1 582 724
|
1 477 731
|
1 314 502
|
932 425
|
841 253
|
673 180
|
565 437
|
693 678
|
818 331
|
985 018
|
1 497 166
|
1 542 507
|
1 716 378
|
1 931 976
|
1 799 834
|
1 965 136
|
2 169 782
|
|
| Income to Minority Interest |
4 200
|
2 072
|
2 157
|
2 442
|
(2 143)
|
(2 143)
|
(1 338)
|
(1 240)
|
1 648
|
1 667
|
0
|
0
|
(195)
|
298
|
1 058
|
1 576
|
2 694
|
2 745
|
2 372
|
2 289
|
1 760
|
1 599
|
608
|
(3 715)
|
(9 767)
|
(15 543)
|
(13 213)
|
(11 066)
|
2 778
|
19 643
|
377
|
32 700
|
20 911
|
51 555
|
34 137
|
5 785
|
13 601
|
(29 706)
|
7 679
|
7 754
|
3 865
|
4 548
|
(10 778)
|
(3 897)
|
15 741
|
36 030
|
73 766
|
89 999
|
87 081
|
78 696
|
34 822
|
28 954
|
27 304
|
(29 332)
|
(3 950)
|
(33 209)
|
(8 739)
|
37 681
|
22 759
|
24 118
|
|
| Net Income (Common) |
473 077
N/A
|
487 524
+3%
|
482 399
-1%
|
476 276
-1%
|
449 985
-6%
|
462 676
+3%
|
463 654
+0%
|
488 809
+5%
|
546 076
+12%
|
567 224
+4%
|
565 020
0%
|
1 999 266
+254%
|
1 897 461
-5%
|
1 843 321
-3%
|
1 771 214
-4%
|
364 007
-79%
|
454 457
+25%
|
460 114
+1%
|
544 450
+18%
|
507 476
-7%
|
518 746
+2%
|
549 066
+6%
|
637 212
+16%
|
714 478
+12%
|
749 306
+5%
|
789 369
+5%
|
749 897
-5%
|
769 406
+3%
|
772 880
+0%
|
732 620
-5%
|
823 692
+12%
|
708 604
-14%
|
648 813
-8%
|
613 291
-5%
|
428 284
-30%
|
454 743
+6%
|
583 052
+28%
|
638 155
+9%
|
706 206
+11%
|
826 246
+17%
|
1 002 087
+21%
|
16 127 779
+1 509%
|
16 508 169
+2%
|
16 594 613
+1%
|
16 479 500
-1%
|
1 340 183
-92%
|
995 841
-26%
|
920 902
-8%
|
749 900
-19%
|
633 772
-15%
|
718 139
+13%
|
836 924
+17%
|
1 001 969
+20%
|
1 457 481
+45%
|
1 528 204
+5%
|
1 672 816
+9%
|
1 912 900
+14%
|
1 827 178
-4%
|
1 977 559
+8%
|
2 183 563
+10%
|
|
| EPS (Diluted) |
3 081.53
N/A
|
3 170.8
+3%
|
3 164.87
0%
|
3 138.66
-1%
|
2 959.39
-6%
|
3 071.54
+4%
|
3 043.88
-1%
|
3 244.25
+7%
|
3 627.47
+12%
|
3 804.8
+5%
|
2 483.8
-35%
|
11 612.36
+368%
|
10 045.32
-13%
|
12 372.85
+23%
|
11 888.85
-4%
|
2 443.31
-79%
|
3 055.46
+25%
|
3 122.95
+2%
|
3 695.36
+18%
|
3 444.41
-7%
|
3 523.73
+2%
|
3 768.52
+7%
|
4 373.9
+16%
|
4 904.26
+12%
|
5 149.3
+5%
|
5 480.32
+6%
|
5 201.79
-5%
|
5 239.32
+1%
|
5 312.36
+1%
|
5 004.34
-6%
|
5 636.36
+13%
|
4 847.37
-14%
|
4 436.75
-8%
|
4 216.56
-5%
|
2 912.58
-31%
|
3 126.49
+7%
|
4 006.32
+28%
|
4 385.91
+9%
|
4 858.89
+11%
|
5 683.93
+17%
|
6 838.73
+20%
|
109 052.53
+1 495%
|
109 377.77
+0%
|
111 393.42
+2%
|
109 860.4
-1%
|
8 752.95
-92%
|
6 525.18
-25%
|
6 052.79
-7%
|
4 985.43
-18%
|
3 683.95
-26%
|
4 654.74
+26%
|
5 483.6
+18%
|
6 660.8
+21%
|
9 446
+42%
|
9 876.39
+5%
|
10 894.48
+10%
|
12 702.36
+17%
|
11 818.74
-7%
|
13 056.12
+10%
|
14 450.34
+11%
|
|