External broker reports(aggregated public sources), Mirae Asset Securities

Mirae Asset Securities

Leading full-service brokerage firm in Vietnam. 

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External broker reports(aggregated public sources)

Equity Bottom-Up

<ul><li>NAVER reported in-line 2Q25 results, with revenue of W2.92tr (+12% YoY; vs. consensus of W2.95tr) and operating profit of W522bn (+10% YoY; vs. consensus of W528bn).</li><li>The commerce and content segments performed strongly, offsetting weakness in the search platform unit.</li><li>Search platform revenue was W1.037tr (+6% YoY), 4% lower than expected. </li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

NAVER reported in-line 2Q25 results, with revenue of W2.92tr (+12% YoY; vs. consensus of W2.95tr) and operating profit of W522bn (+10% YoY; vs. consensus of W528bn).The commerce and content segments performed strongly, offsetting weakness in the search platform unit.Search platform revenue was W1.037tr (+6% YoY), 4% lower than expected. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Naver Corp

NAVER (C KS/Buy)In-Line 2Q25 Results