NHN recorded revenue of 2.5163 trillion won last year, up 2.5% from the previous year. Operating profit turned positive at 132.4 billion won, marking record highs for both annual revenue and operating profit.
NHN announced on the 12th that it had disclosed these business results on the 11th. On a consolidated basis, NHN's fourth-quarter 2025 revenue rose 6.5% year-on-year to 685.7 billion won, while operating profit surged 120.5% to 55.1 billion won. Both figures also represent quarterly records.
The strong performance is attributed to the company's ongoing business restructuring and operational improvements. In 2024, NHN had swung to a loss with operating losses exceeding 30 billion won due to receivables from the Tmon-WeMakePrice crisis.
Breaking down fourth-quarter revenue by segment, the gaming division posted 126.1 billion won, up 6.0% year-on-year and 6.7% quarter-on-quarter. Mobile game revenue grew 12.3% year-on-year, driving the segment's growth. The successful launch of HPT (Hangame Poker Tour), a new offline tournament for "Hangame Royal Hold'em," contributed to increased mobile web board game revenue. In Japan, "#Compass" recorded its highest-ever quarterly revenue.
The payment segment achieved revenue of 345.6 billion won, up 16.2% year-on-year and 5.6% quarter-on-quarter. NHN KCP's overseas merchant transaction volume increased 28% year-on-year, with monthly transaction volume exceeding 5 trillion won for the first time in December. NHN Payco's corporate welfare solution business saw fourth-quarter transaction value rise 35% year-on-year. The company captured the top market share in its core meal voucher business by transaction volume last year.
The technology segment generated revenue of 139.1 billion won, up 17.4% year-on-year and 24.5% quarter-on-quarter. Growth was driven simultaneously by NHN Cloud's GPU services at the Gwangju National AI Data Center, public cloud migration projects including disaster recovery services, and the integrated messaging platform "Notification."
The other segment recorded revenue of 94.3 billion won, down 27.1% year-on-year but up 5.2% quarter-on-quarter. NHN Link saw fourth-quarter revenue rise 41.7% year-on-year and 28.8% quarter-on-quarter, benefiting from the peak performance season.
NHN plans to accelerate growth this year by strengthening competitiveness in its core businesses. In gaming, NHN will continue responsible operations as an industry leader to ensure users can enjoy games safely. Following a partial increase in monthly payment limits for web board games, revenue grew by double digits week-on-week. The company is also focusing development resources on the successful launch of mobile titles based on popular IPs, including "Dissidia Duellum Final Fantasy" and "Oshi no Ko: Puzzle Star."
In payments, the company will focus on capturing the next-generation payment infrastructure market. For the stablecoin business, NHN is in ongoing discussions with financial institutions and major technology partners regarding partnership structures and technical models.
NHN Cloud, which leads the technology business, is expected to enter a higher growth phase by capitalizing on expanding GPU market opportunities this year. For the government's "GPU Procurement, Deployment, and Operation Support Project," where NHN was selected as the top deployer last year, the company is smoothly installing 7,656 NVIDIA B200 units at its Seoul Yangpyeong region, with full operations scheduled to begin in March.
"Over the past several years, NHN has conducted company-wide efforts to improve profitability by reviewing our entire business structure under a strategy of selection and concentration," said NHN CEO Jung Woo-jin. "We expect 2026 to be a year of new growth momentum as results from our core gaming, payment, and technology businesses are more clearly reflected in our performance."