Half Year 2025 Naspers Ltd Earnings Call Transcript
(video starts)
For more than a century, we have been exploring and innovating driven by the power of big ideas. Our goal is to build best in class e-commerce companies and our results for the past six months show good progress. Our e-commerce businesses are growing fast at more than double the rate of our peers and they are growing profitably.
E-commerce adjusted EBIT increased 5 times on fiscal year '24 to USD181 million, driving the group to materially improve profitability. Core headline earnings per share rose 88% as our businesses and Tencent performed strongly amplified by the buyback program and free cash flow grew 74% to USD911 million.
With our focus on executing and innovating faster, we plan to deliver USD6.2 billion of e-commerce revenue and USD400 million of profitability for the full year. We are building e-commerce champions in growth markets unlocking an AI first world for 2 billion customers.
AI is transforming how we work and serve our customers. The trillions of tokens of transaction data across our portfolio allow us to train AI models
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