FinanceTech in Asiaabout 1 hour ago
Naver Revenue Rises 10.7% as AI Spending Weighs on Profit
7 min read
NAVER presented third-quarter 2026 earnings on November 12, reporting consolidated revenue of KRW 3,472.4 billion, up 10.7% year-over-year. Operating profit fell 20.9% to KRW 451.3 billion due to heavy investments in AI computing assets and infrastructure. Net profit declined 45.2% to KRW 402.5 billion as the company prioritizes growth in AI and offline commerce over near-term profitability.
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