Naver Q3 2026 Revenue Rises 10.7% to $2.6B as AI Spending Cuts Operating Profit 20.9%

According to Naver, the South Korean internet company reported third-quarter 2026 revenue of 3.5 trillion won (US$2.6 billion), up 10.7% year-over-year. However, operating profit fell 20.9% to 451.3 billion won (US$338 million) due to increased infrastructure, content, and offline data spending to enhance AI capabilities. Revenue growth was driven by commerce, financial services, and global marketplaces, with Npay payment volume reaching 26.2 trillion won (US$19.6 billion). Naver expects its AI Factory business—pursued with Brookfield and Nvidia—to begin contributing revenue in the first half of 2027, supported by initial computing contracts worth approximately 2 trillion won (US$1.5 billion).
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