Naver's Earnings Could be Under Pressure Until 2Q 2027
Dow Jones08:05
0005 GMT - Naver's earnings could remain under pressure from artificial-intelligence spending until 2Q 2027, when its AI data center starts generating revenue, NH Investment & Securities' Ahn Jae-min says. The South Korean internet company has eased concerns about potential cash-flow constraints by securing $9 billion in financing from U.S. private-equity firm Brookfield to build a 200-megawatt data center by 2028 under its "AI factory" project, the analyst notes. NH expects the AI project to generate revenue of 560 billion won in 2027 and 6.4 trillion won by 2030, while its operating profit is projected to rise from 31.7 billion won to 720.5 billion won over the same period.
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