[Concall] Naver "Aiming for Webtoon Year-End Profit Turnaround, Expecting IPO Next Year"
Naver has set a goal to turn Naver Webtoon profitable in the fourth quarter of this year.
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On the 8th, Naver announced this during its first-quarter earnings conference call. Kim Nam-seon, Naver's Chief Financial Officer (CFO), stated, "Since there are still few paid content items and low advertising utilization, if the current user base and transaction volume continue to grow, we expect to achieve profitability by the end of the year and a successful IPO next year."
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