Key Summary
- NHN said its third-quarter revenue reached 758.3 billion won, the highest quarterly figure in the company’s history.
- Operating profit also hit a quarterly record at 58.8 billion won.
- Year-on-year, revenue rose 21.2% and operating profit increased 112.6%.
- NHN Cloud said it has sold all five years’ worth of external-customer GPU capacity at its Yangpyeong data center in Seoul.
- The company is also preparing to take part in a government GPU project expected to be worth about 4 trillion won next year.
Main Story
NHN reported a record performance in the third quarter, with both revenue and operating profit reaching the highest levels for any quarter in the company’s history. The company said consolidated revenue came to 758.3 billion won, while operating profit totaled 58.8 billion won.
Compared with the same period a year earlier, revenue increased by 21.2% and operating profit climbed by 112.6%. NHN attributed the result to growth in its payment and cloud businesses.
Within its cloud operations, NHN Cloud said it has already sold all of the GPU supply allocated for external customers at its Yangpyeong data center in Seoul for the next five years. The company is also preparing for possible participation in a government GPU initiative expected to be worth about 4 trillion won next year, with the aim of generating additional sales.
Background
The supplied article indicates that NHN’s recent growth is linked to its payment and cloud businesses, but it does not provide additional background on the company’s previous quarterly results, the scale of the GPU operation beyond the five-year sales status, or details of the government project.
Items Requiring Further Verification
- The article states that NHN’s third-quarter revenue and operating profit are the company’s highest-ever quarterly results, but this would normally require confirmation against the company’s full historical financial data.
- The claim that all five years of external-customer GPU capacity at the Yangpyeong data center have been sold is based on the company’s statement and is not independently verified in the source.
- The expected size of the government GPU business is described as about 4 trillion won, but no further details are provided in the text.
- The report says NHN is preparing to participate in the government GPU project, but the outcome of that effort remains uncertain.