Business · Companies · 16 hrs ago

Naver revenue rises 10.7% as AI spending weighs on profit

Naver revenue rises 10.7% as AI spending weighs on profit

Naver reported a 10.7% rise in revenue for the quarter.

The company’s AI spending weighed on its profit, though no profit figure was given.

Naver also reported that Npay handled 26.2 trillion won in payments, equal to US$19.6 billion.

Npay is Naver’s payment service.

These figures show growth in both revenue and payment volume, alongside pressure on profit from AI costs.

No further plans or next steps were stated.

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