NAVER Third Quarter 2024 Earnings: Beats Expectations

NAVER (KRX:035420) Third Quarter 2024 Results

Key Financial Results

• Revenue: ₩2.72t (up 11% from 3Q 2023).
• Net income: ₩520.4b (up 39% from 3Q 2023).
• Profit margin: 19% (up from 15% in 3Q 2023). The increase in margin was driven by higher revenue.
• EPS: ₩3,423 (up from ₩2,478 in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

NAVER Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 1.5%. Earnings per share (EPS) also surpassed analyst estimates by 39%.

Looking ahead, revenue is forecast to grow 8.7% p.a. on average during the next 3 years, compared to a 8.0% growth forecast for the Interactive Media and Services industry in South Korea.

Performance of the South Korean Interactive Media and Services industry.

The company's shares are up 6.0% from a week ago.

Valuation

Our analysis of these results suggests NAVER may be undervalued based on 6 important criteria we look at. Click here to find out what a fair price for the stock might be and where analysts see the share price heading over the next year.

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