Naver’s Earnings Miss Expectations As Line’s Sales Growth Slows
January 29, 2015 at 02:14 AM EST
South Korean Internet giant Naver announced quarterly results that fell short of expectations because of weaker performance from the gaming unit of its messaging app Line. This echoes problems faced by Tencent’s WeChat, one of Line’s main rivals, and shows that messaging apps need to find more sources of revenue beyond games. Read More