Morningstar

Naver Posts Above-Consensus Second-Quarter Net Profit

Provided by Dow Jones

By Kwanwoo Jun 




  South Korean internet titan Naver posted resilient second-quarter earnings amid steady growth in its core search-platform and e-commerce businesses. 



  The above-consensus results come as the company behind Korea's dominant search engine has been expanding its artificial-intelligence push, most recently entering into multibillion-dollar partnerships with AI chip leader Nvidia and U.S. private-equity firm Brookfield to build gigawatt-scale AI cloud infrastructure. 



  The digital powerhouse has also developed and integrated AI tools across its e-commerce, advertising, fintech and paid-content businesses to drive revenue and earnings growth, though some analysts have warned that such sustained, intense spending could weigh on profit margins. 



  Net profit for the April-June period rose 42% from a year earlier to 704.3 billion won, equivalent to $494.9 million, the company said Friday. That beat a 471.71 billion won consensus estimate compiled by FactSet. 



  Revenue climbed 16%, to 3.389 trillion won, and operating profit edged down 0.2%, to 520.3 billion won. 



  Naver's platform business, which includes advertising and online-shopping services, maintained solid revenue growth from a year earlier, although operating profit in the segment declined modestly. 



  Overall operating costs jumped 20% from a year earlier in the second quarter. 



  Shares in the company have fallen about 7% this year, underperforming the benchmark Kospi's nearly 50% rise. 





  Write to Kwanwoo Jun at kwanwoo.jun@wsj.com 





  (END) Dow Jones Newswires



  August 06, 2026 19:48 ET (23:48 GMT)


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