Naver Q2 Net Income Jumps 41.6% on AI-Driven Business Growth
Naver reported Q2 net profit of 704.3 billion won, up 41.6% year-on-year, as artificial intelligence supported core growth. Revenue rose 16.2% to 3.38 trillion won while operating profit slipped slightly. Search, financial services, global commerce, and enterprise units expanded, and Naver forecast new AI-factory revenues with Nvidia in early next year after repurchasing about 4.9 million shares.