Naver Corp Q3 profit falls 21% on AI, marketing spending

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Naver Corp Q3 profit falls 21% on AI, marketing spending

AI Summary

Naver Corp reported a 21% year-over-year decline in third-quarter profit, attributed to higher spending on artificial intelligence and marketing. The results highlight the near-term earnings cost of the company's investment and promotional efforts.

Markets AI & Tech Naver quarterly earnings profit decline AI spending marketing costs South Korea

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