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Naver revenue rises 10.7% as AI spending weighs on profit
South Korean internet company Naver reported third-quarter 2026 revenue of 3.5 trillion won (US$2.6 billion), up 10.7% from a year earlier.
Operating profit fell 20.9% to 451.3 billion won (US$338 million) as higher spending on infrastructure, content, offline data, and other areas to improve its AI capabilities weighed on earnings.
The company said growth came from commerce, financial platform services, and global consumer-to-consumer marketplaces.
Npay payment volume reached 26.2 trillion won (US$19.6 billion) in the quarter.
Naver also said it plans to establish a logistics subsidiary to strengthen its delivery infrastructure and support commerce growth.
The company expects revenue from its AI factory business to begin contributing to results in the first half of 2027.
Naver said it has secured initial computing service supply contracts worth about 2 trillion won (US$1.5 billion) for the AI factory business it is pursuing with Brookfield and Nvidia.
🔗 Source: Naver
