Half Year 2026 Naspers Ltd Earnings Call Transcript
Key Points
- Naspers Ltd (NAPRF) reported strong growth in its e-commerce revenue, which increased by 14%, outperforming peers.
- The company's adjusted EBITDA grew by 58%, indicating improved profitability.
- Free cash flow increased by $399 million, marking the largest ever free cash flow for the company, excluding Tencent dividends.
- Naspers Ltd (NAPRF) successfully integrated Despegar into its Latin American ecosystem, with 5% of Despegar's net revenues now coming from iFood.
- The company completed significant acquisitions in Europe, including Just Eat Takeaway and La Central, enhancing its market presence.
- Emac faced macroeconomic and competitive challenges, resulting in flat revenue growth.
- The company anticipates intensified competition in the food delivery sector, which may impact market position.
- Naspers Ltd (NAPRF) needs to address the underperformance of its EE business, which is not meeting margin and growth expectations.
- Despite positive developments, the integration of Just Eat Takeaway requires cultural and technological adjustments to drive growth.
- The company is still in the early stages of implementing its AI-driven initiatives, with full benefits yet to be realized.
Hello partners, how are you? It is Fabricio Blois, the CEO of Prosus, and I'm going to share with you our progress of the last 6 months. I want to start to remind you we are really focused here in building the #1 lifestyle ecosystem in Europe, India, and Latin America, and that's my focus for today. I'm going to focus a little more about business, about results, about growth, and the more importance about the ecosystem. We had also a lot to tell you regarding innovation and how we are going to unlock an AI first world, but to be H1st, I want to make a one hour presentation only about that, so I'll ask you to wait in the next few weeks we are going to make another presentation on how we are going to create the future of AI using our ecosystem, but today we are going to focus on. Ecosystem results, our business hope you enjoy our agenda for today we'll start on Latin America and that's very important. We talked a lot about ecosystem and I want to show it in practice what is happening in Latin America, that's our inspiration and we
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