NHN has seen its shares rise for two consecutive days following the announcement of second-quarter results that exceeded market expectations.
As of 1:41 PM on August 12, NHN's stock was trading at 61,700 won, up 7,500 won (13.84%) from the previous trading day. The stock opened at 56,800 won and surged to as high as 63,500 won during the session. This follows a remarkable 29.82% increase the previous day, marking another day of double-digit gains.
The rise in stock price is attributed to the company's second-quarter performance, which has stimulated investor sentiment. NHN reported an operating profit of 57.9 billion won for the second quarter of this year, a 164% increase compared to the same period last year. Revenue for the same period reached 757.9 billion won, up 25.3%, while net profit rose to 29.1 billion won, a 159% increase.
The improvement in performance was driven by steady growth in both the payment and technology sectors. Revenue from the payment segment, which includes Payco and KCP, increased by 27.3% year-on-year to 394 billion won, while revenue from the technology sector, including AI cloud services, grew by 52.9% to 159.8 billion won.
The gaming division also contributed to the strong results, with mobile and PC online sales growing together. Revenue from the gaming sector reached 139.6 billion won, a 21.5% increase compared to the same period last year.
* This article has been translated by AI.
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