NHN Q1 Revenue Grows Double Digits as Games, Payments and Cloud Lead
Published: · Source: mk.co.kr
NHN said its revenue grew by double digits in the first quarter, supported by growth in its games, payments and cloud businesses. By business area, games, payment-related operations and cloud services led the company’s top-line expansion. However, operating profit declined as the burden of GPU investment for strengthening artificial intelligence (AI) and cloud competitiveness was reflected in results. The company also plans to accelerate the expansion of its cloud business. The results show continued revenue momentum in NHN’s core businesses, while future infrastructure investment weighed on short-term profitability. Source: mk.co.kr
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