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(2nd LD) Naver Q2 net income up 41.6 pct as AI boosts core biz
Naver Corp. reported a 41.6% rise in second-quarter net profit to 704.3 billion won, driven by AI-enhanced commerce and advertising. Revenue grew 16.2% to 3.38 trillion won, while operating profit edged down 0.2% due to AI infrastructure investments.
Naver Q2 Net Profit Surges 41.6% on AI-Driven Business Growth
South Korea's largest online portal operator, Naver Corp., reported a 41.6 percent increase in second-quarter net profit compared to the same period last year, driven by artificial intelligence enhancements to its core businesses, according to the company's regulatory filing.
Net profit for the April-June period reached 704.3 billion won (US$494.8 million), as reported by Yonhap News. The company posted an operating profit of 520.3 billion won, a slight decline of 0.2 percent, while revenue rose 16.2 percent to 3.38 trillion won.
Coverage Comparison
Yonhap News reported the financial results based on Naver's regulatory filing and a company release. The wire service highlighted that AI powered sales increases across key business units, with global consumer-to-consumer platforms such as Poshmark providing an additional boost. The slight decline in operating profit was attributed to investments in AI infrastructure.
Key Claims
Naver's second-quarter net profit rose 41.6 percent from a year earlier to 704.3 billion won (US$494.8 million).
Operating profit was 520.3 billion won, down 0.2 percent.
Revenue rose 16.2 percent to 3.38 trillion won.
AI helped boost key businesses, including commerce and advertisements.
Growth of global consumer-to-consumer platforms, such as Poshmark, gave an extra boost.
Naver's flagship search platform unit saw sales grow 12.3 percent on-year to 1.9 trillion won.
Sales from its financial platform rose 16 percent on-year to 470.7 billion won.
Global commerce platforms saw sales rise 24.4 percent to 1.16 trillion won.
Naver expects to see new revenues from its AI factory jointly established with Nvidia around the early half of next year.
Naver repurchased around 4.9 million shares, worth around 1 trillion won, to enhance shareholder value.
Perspectives
No distinct perspectives were available in the provided material beyond Naver's own explanations. The company attributed the robust quarterly earnings to AI-powered sales increases at core businesses, while the slight operating profit decline was due to investments in AI infrastructure. CEO Choi Soo-yeon was quoted as saying, "We plan to create new growth momentum in the AI computing market by securing customers through Nvidia's ecosystem and Naver's existing corporate and public clients."
How this outlet told it
Yonhap News — English
Framing: Naver's net profit rises 41.6 percent — neutral
Facts Included:
Naver's second-quarter net profit rose 41.6 percent from a year earlier
Net profit for the April-June period was 704.3 billion won (US$494.8 million)
Operating profit was 520.3 billion won, down 0.2 percent
Revenue rose 16.2 percent to 3.38 trillion won
AI helped boost key businesses, including commerce and advertisements
Growth of global consumer-to-consumer platforms, such as Poshmark, gave an extra boost
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Claim
Confidence
Status
ClaimNaver's second-quarter net profit rose 41.6 percent from a year earlier. The company's net profit for the April-June period was 704.3 billion won (US$494.8 million).
ClaimWe plan to create new growth momentum in the AI computing market by securing customers through Nvidia's ecosystem and Naver's existing corporate and public clients.