Naver's Third-Quarter Net Profit Drops 45%, Falling Short of Forecasts
Naver posted 402.5 billion won in Q3 net profit against 476.19 billion won expected by analysts. Revenue rose 11%, while operating costs climbed 18%.
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what happened
According to Dow Jones Newswires, South Korean internet company Naver reported weaker-than-expected third-quarter earnings. Net profit for July to September fell 45% year on year to 402.5 billion won, about $300.6 million, below the 476.19 billion won consensus compiled by FactSet. Revenue increased 11% to 3.472 trillion won, while operating profit dropped 21% to 451.3 billion won.
Growth in the platform business, which includes advertising and online shopping, slowed to 7.3% from 12% in the previous quarter. Total operating costs rose 18%, and rising capital spending and expenses linked to artificial intelligence investments weighed on earnings. Naver is also working on a multibillion-dollar data-center project with Nvidia and Brookfield.
why it matters
Naver shares have fallen about 20% this year, while the benchmark KOSPI has risen 28%. The weak report highlights the gap between heavy AI spending and returns so far, and investors will be watching for when those outlays begin to pay off.
market impact
Naver shares: profit below expectations and higher AI-related costs weigh on the stock
- Naver shares pressure down — profit below expectations and higher operating costs tied to AI investment
tags
instruments
sources
- Naver Quarterly Profit Falls on Year, Missing Expectations — Dow Jones Newswires, 11 November 2026 at 23:33 UTC
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