Naspers Accelerates Growth, With 5X Improvement in Adjusted EBIT [Yahoo! Finance]
NASPERS LTD S/ADR (NPSNY)
NASDAQ:AMEX Investor Relations:
naspers.com/news/publication-of-prospectus-and-expected-admission-o
Company Research
Source: Yahoo! Finance
Our operations delivered topline growth of 24%, with consolidated Ecommerce revenue of US$3.3bn, and we increased Ecommerce adjusted EBIT by five times to US$169m. We recently celebrated the listing of Swiggy, valued at US$11.3bn, and sold US$2bn+ of assets, including a portion of our Swiggy stake and our Trip.com position. Our buyback has created US$36bn of value since launch, with 12% NAV per share accretion, and is the largest globally of any tech company as a portion of market capitalisation. We are actively exploring the immense AI opportunity for our more than 2 billion customers, to accelerate our growth and profitability, and we are confident in the impact and value it will bring. Fabricio Bloisi, Group CEO, said: "Innovation and reinvention are in our DNA and essential to our success. We are embracing the massive opportunity we see in deploying AI to deliver exceptional products and services to our 2 billion customers. Our future growth will be driven by our AI-first mindse
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