Naver reports record sales in Q3 on pandemic-driven business
Updated: 2021-10-21 09:38:59 KST
South Korean internet portal Naver has posted record sales for the third quarter.
The company on Thursday said sales jumped almost 27 percent on-year to set a record high of 1.5 billion U.S. dollars for the July to September period.
Its operating profit also reached a quarterly high of about 300 million dollars, up nearly 20 percent from a year earlier.
The portal giant says this was largely fueled by a surge in content sales on the back of strong demand for webtoons and e-commerce purchases amid the prolonged pandemic.