Naver: CHZZK Increasing Market Share in the Korean Live Game Streaming Sector
Naver's CHZZK has been increasing its market share in the Korean live game streaming sector. This improving momentum is likely to continue to positively impact Naver's share price.
CHZZK was the top ranking live streaming platform in Korea in December 2024 with about 2.5 million MAU.
Naver is currently trading at EV/EBITDA of 11.4x and P/E of 18.3x, which are 50% and 51% lower respectively than its historical average valuation multiples from 2020 to 2023.
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