Naver on Nov. 12 posted in its preliminary earnings filing an operating profit of 451.3 billion won ($337.4 million) for the quarter ended September, down 20.9 percent from a year earlier, as spending on AI infrastructure, content and offline data rose. Revenue rose 10.7 percent to 3.47 trillion won.
Global Initiatives revenue grew 15.9 percent to 1.04 trillion won, led by a 47.8 percent jump in C2C sales. Naver said it has signed about 2 trillion won in AI factory computing contracts, with revenue to start in the first half of 2027.
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