Seoul: NHN on Thursday reported its 2024 net loss of 185.2 billion won (US$127.8 million), remaining in the red compared with the previous year. The company revealed in a regulatory filing that it experienced an operating loss of 32.6 billion won for the year, a significant shift from a profit of 55.6 billion won in the previous year. Despite the losses, NHN's annual revenue saw an increase of 8.2 percent, reaching 2.45 trillion won.

According to Yonhap News Agency, the financial results highlight ongoing challenges for NHN, despite the revenue growth. The company's performance indicates areas that may require strategic adjustments to return to profitability. The increase in revenue, however, suggests potential in the market that the company could capitalize on in the future.

NHN's financial difficulties underscore the fluctuating nature of the industry and the impact of various operational factors on the company's bottom line. As the company navigates these challenges, stakeholders will be keenly observing its next steps to regain financial stability.