Naver's operating profit falls 20.9% as AI spending rises, missing forecasts

Third-quarter revenue hit a record 3.47 trillion won, up 10.7%, but operating profit fell to 451.3 billion won on AI spending; on the earnings call Naver said it signed a roughly 2 trillion won computing-services contract, about 20 megawatts, with a US AI inference company.

Editor: Haydn Snape