Dec 02, 2024 / NTS GMT
Unidentified Participant
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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
Half Year 2025 Naspers Ltd Earnings Call Transcript
Dec 02, 2024
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