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Naver reports record Q2 revenue amid rising AI infrastructure investment
Naver reported record revenue of 3.3888 trillion KRW for the second quarter, a 16.2% increase year-on-year, though operating profit saw a slight decrease of 0.2% to 520.3 billion KRW due to expanded investments in AI infrastructure.
Growth was driven by AI integration in core businesses like advertising and commerce, alongside significant growth in the global C2C sector, including platforms like Wallapop and Poshmark. Naver noted that AI contributed to over 60% of the increase in advertising revenue. The company's
Entities
Choi Soo-yeon · Choi Su‑yeon · Kakao · Naver · Naver Corp. · Npay · Nvidia · Nvidia Corp. · South Korea · Walapop
Claims
What the coverage asserts, and how many sources carry each claim.
- [● 3 SOURCES] Advertising revenue grew 7.5% YoY, with AI targeting contributing over 60% of the growth. meeco.kr · www.imaeil.com
- [● 3 SOURCES] Financial platform revenue rose 16% YoY. meeco.kr · www.imaeil.com
- [● 3 SOURCES] Service revenue increased 31.3% YoY, driven by Naver Plus Store, membership and N‑delivery. meeco.kr · www.imaeil.com
- [● 3 SOURCES] Naver's Q2 operating profit was 520.3 billion won, down 0.2% year‑on‑year. meeco.kr · www.imaeil.com
- [● 3 SOURCES] Naver and Nvidia plan an AI‑factory partnership that will start generating revenue from H1 2027. meeco.kr · www.imaeil.com
- [● 3 SOURCES] Naver reported Q2 2024 revenue of 3.3888 trillion won, up 16.2% year‑on‑year. meeco.kr · www.imaeil.com
- [● 3 SOURCES] Npay transaction volume reached 25.2 trillion won, up 21% YoY. meeco.kr · www.imaeil.com
- [● 3 SOURCES] Global‑Challenge (C2C) revenue grew 24.4% YoY, led by Walapop, Foshimark and Soda. meeco.kr · www.imaeil.com