NHN announced its first-quarter earnings for 2025 on the 13th.
NHN's consolidated first-quarter revenue was 600.1 billion won, down 0.7% from the same period last year and down 6.8% from the previous quarter. In contrast, operating profit increased by 1.3% from the same period last year and 10.6% from the previous quarter, recording 27.6 billion won, indicating a trend of improvement in profitability.
In terms of performance by institutional sector, the payment and technology sectors drove growth. The payment sector achieved 290.3 billion won, a 4.2% increase from the same period last year, due to the expansion of NHN Payco's B2B business and the increase in transaction volume at NHN KCP. Notably, Payco's corporate welfare solution business demonstrated steady growth, showing a 24% increase in transaction volume compared to the same period last year.
The technology sector recorded 105.6 billion won, an 11.0% increase from the same period last year, thanks to the growth of NHN Cloud and NHN Durie.
The gaming sector saw a decrease to 119.6 billion won, down 1.9% from the same period last year; however, stable revenue centered around web board games was maintained, and the revenue growth from Japanese mobile games such as "Line Disney Tsum Tsum" and "Yo-Kai Watch Punipun" had a positive impact.
The other sector recorded 104.5 billion won, a 19.8% decrease from the same period last year, despite the strong performance of NHN Link's ticket business influenced by restructuring within the commerce sector.
NHN plans to officially launch "Darkest Days" in June and is conducting pre-reservations for "Abyss Dia," aiming for a Japanese release in the third quarter. Additionally, the new work "Project STAR," utilizing the "My Favorite's" intellectual property, is also being prepared for a Japanese release in the second half of the year.
NHN Payco has achieved a 33% reduction in losses compared to the previous quarter by streamlining unprofitable businesses and is promoting a restructuring focused on core businesses. NHN Cloud has unveiled "Cloud Station" to meet the growing demand for private cloud services and is also expanding its public cloud business and the use of AI (artificial intelligence) data centers.
Jung Woo-jin, CEO of NHN, noted, "We will continue to focus on the core businesses of games, payments, and technology to achieve visible improvements in profit and loss and enhance corporate value."