South Korea's top portal operator saw revenue rise 16.2% to 3.38 trillion won, with global commerce sales up 24.4%
Naver Q2 net profit jumps 41.6% on AI-driven growth
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Summary
Its global commerce platforms, such as Poshmark and Wallapop, saw sales rise 24.4 percent to 1.16 trillion won. By business, Naver's flagship search platform unit saw its sales grow 12.3 percent on-year to 1.9 trillion won. Revenue rose 16.2 percent to 3.38 trillion won.
Furthermore, Sales from its financial platform rose 16 percent on-year to 470.7 billion won, thanks to its rapidly expanding Naver Smart Store. Sales at its contents division inched up 0.5 percent, while those from Naver's enterprise business grew 21.3 percent on-year. The company's net profit for the April-June period was 704.3 billion won ($494.8 million), up a strong 41.6 percent from a year earlier, according to Naver's regulatory filing.
In addition, The tech giant posted 520.3 billion won in operating profit for the quarter, down 0.2 percent. Naver's office building in Bundang, south of Seoul (Herald DB) Naver Corp., South Korea's largest online portal operator, said Friday its second-quarter net profit rose from a year earlier, as artificial intelligence helped boost its key businesses.
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Its global commerce platforms, such as Poshmark and Wallapop, saw sales rise 24.4 percent to 1.16 trillion won.
reliability low1/2 sourcesBy business, Naver's flagship search platform unit saw its sales grow 12.3 percent on-year to 1.9 trillion won.
reliability low1/2 sourcesRevenue rose 16.2 percent to 3.38 trillion won.
reliability low1/2 sourcesSales from its financial platform rose 16 percent on-year to 470.7 billion won, thanks to its rapidly expanding Naver Smart Store.
reliability low1/2 sourcesSales at its contents division inched up 0.5 percent, while those from Naver's enterprise business grew 21.3 percent on-year.
reliability low1/2 sourcesThe company's net profit for the April-June period was 704.3 billion won ($494.8 million), up a strong 41.6 percent from a year earlier, according to Naver's regulatory filing.
reliability low1/2 sourcesThe tech giant posted 520.3 billion won in operating profit for the quarter, down 0.2 percent.
reliability low1/2 sourcesNaver's office building in Bundang, south of Seoul (Herald DB) Naver Corp., South Korea's largest online portal operator, said Friday its second-quarter net profit rose from a year earlier, as artificial intelligence helped boost its key businesses.
reliability low1/2 sources
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