Naver has secured a roughly 2 trillion won artificial intelligence computing contract with an unnamed US customer, covering about 20 megawatts of capacity over four to five years. The company plans to begin revenue-generating operations at a 55-megawatt AI factory in the first half of 2027 and expand it to 200 megawatts by 2028, while negotiating with more than 10 potential customers for the remaining capacity.
Naver reported record quarterly revenue of 3.47 trillion won, up 10.7 percent year on year, but operating profit fell 20.9 percent to 451.3 billion won as spending on AI infrastructure, content and offline data increased. It is also establishing a logistics subsidiary and increasing fulfillment investment to build e-commerce logistics into another growth engine.