NAVER reports higher nine-month revenue
Revenue rose from 8.84 trillion won a year earlier as all three of its service categories grew.
NAVER, the search and online services provider, reported consolidated revenue of 10.1 trillion won for the nine months through September 2026, up from a year earlier. Its platform business remained the largest contributor, with additional growth from financial services and its global businesses.
NAVER platform revenue rose to 5.69 trillion won from 5.11 trillion won in the comparable period. The category accounted for 56.3% of consolidated revenue, down from 57.9% a year earlier. It includes search, display and commerce advertising, as well as shopping and place services.
The company said it has been improving search products, expanding categories and applying artificial intelligence to search. In display advertising, it has introduced video and premium products alongside work on its advertising platform. Commerce advertising connects shopping-related search and display ads with its broader commerce services.
On a standalone basis, advertising revenue rose to 4.32 trillion won from 4.02 trillion won. Revenue from services including brokerage fees, memberships and Chzzk increased to 1.45 trillion won from 1.13 trillion won. The standalone figures cover the parent company and are distinct from the consolidated service totals. NAVER changed its service classification during the period and restated the comparative figures.
Outside the main platform, financial platform revenue increased to 1.42 trillion won from 1.22 trillion won. The category includes payment and digital financial services. NAVER said it is looking for opportunities in everyday financial services that are easier for small businesses and users in its ecosystem to access.
Revenue from the global category, which includes consumer-to-consumer commerce, webtoons, cloud and workplace services, rose to 2.99 trillion won from 2.51 trillion won. Its share of consolidated revenue increased to 29.7% from 28.3%. The company changed its consolidated service classification during the period and restated the prior-year comparison.
The global category includes secondhand and limited-edition resale platforms across South Korea, Japan, North America and Europe. NAVER said those platforms have the potential to be linked into an infrastructure for cross-border transactions. Its business-to-business operations also combine cloud services and AI offerings through NAVER Cloud, with projects under way in the Middle East and Asia.
Consolidated operating cash flow fell to 1.88 trillion won from 2.15 trillion won in the first nine months of the previous year. Cash spent on property and equipment rose to 1.35 trillion won from 725 billion won. Cash outflows from business combinations also increased, reaching about 550 billion won.
For its commerce services, NAVER plans to improve personalized recommendations and incorporate shopping benefits, including memberships and delivery, into product suggestions and answers. The company aims to develop those features into a service that helps users make purchase decisions.
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