Business · Companies · 8 hrs ago
NHN third-quarter operating profit more than doubled on payment and cloud growth
South Korean technology company NHN reported a sharp rise in third-quarter profit.
Its revenue was 758.3 billion won and operating profit was 58.8 billion won, up 21.2% and 112.6% from a year earlier.
Cloud revenue grew 75.5%, reflecting sales from a Seoul data centre and private-sector customers.
At that centre, NHN Cloud is running 7,656 GPUs for a government computing project.
Payment revenue rose 21.5% to 397.6 billion won, with growth at its payment services and new online payment support for Baemin.
Game revenue also increased, while sales in other businesses fell.
NHN plans to expand its AI data-centre capacity, including facilities in Seoul and Incheon that are due to begin operating in the first half of next year.
NHN reported third-quarter operating profit of 58.8 billion won, up 112.6% from a year earlier.
Revenue rose 21.2% to 758.3 billion won.
Growth in payments and cloud services helped drive the results.
NHN Cloud revenue increased 75.5%, while payment revenue rose 21.5% to 397.6 billion won.
NHN said it was operating 7,656 government-project GPUs at its Factory X Seoul data center.
- Who
- NHN, a South Korean company.
- What
- It reported third-quarter revenue of 758.3 billion won and operating profit of 58.8 billion won. Both figures rose from a year earlier.
- When
- The results were announced on Nov. 10, 2026, for the third quarter.
- Where
- South Korea. The article highlights NHN Cloud’s Factory X Seoul data center.
- Why
- Growth in payment and cloud businesses helped raise revenue and operating profit.
This story does not have two clearly opposing sides.
NHN Payco began supporting online payments on Baedal Minjok at the end of August.
NHN recorded revenue of 758.3 billion won and operating profit of 58.8 billion won.
NHN announced its preliminary third-quarter results.
NHN Cloud plans to begin operating leased data centers in Seoul’s Gasan district and Incheon’s Gajwa district.
- Revenue
- 758.3 billion won, up 21.2% year over year
- Operating profit
- 58.8 billion won, up 112.6% year over year
- NHN Cloud revenue
- Up 75.5% year over year
- Payment revenue
- 397.6 billion won, up 21.5% year over year
- NHN KCP transaction volume
- 17.3 trillion won, up 30.5%
- Factory X Seoul
- 7,656 B200 GPUs operating for a government project