Naspers Eyes $2 Billion Portfolio Unlock, Strengthens AI Innovation and Global Footprint
Innovation remains a top priority, with Naspers building Europe’s leading AI lab and deploying 20,000 AI agents to accelerate operations, enhance decision-making, and scale its global ecosystem.
Naspers and its subsidiary Prosus have reported strong growth and profitability across Latin America, Europe, India, and South Africa, driven by disciplined execution, strategic investments, and operational synergies. All operated businesses are now profitable, and the group is on track to achieve its full-year guidance of over US$1.1 billion in adjusted EBITDA.
New investments, including Just Eat Takeaway.com (JET) and La Centrale, are expected to fuel further growth and unlock around US$2 billion from the portfolio. Innovation remains a top priority, with Naspers building Europe’s leading AI lab and deploying 20,000 AI agents to accelerate operations, enhance decision-making, and scale its global ecosystem.
In Latin America, the ecosystem comprises iFood, iFood Pago, Despegar, OLX Brasil, and Sympla. iFood reported a 32% increase in revenue and 57% growth in adjusted EBITDA, supported by strong core food delivery performance and expansion of its fintech offering, iFood Pago. Despegar experienced a 30% increase in gross bookings, leading to an 18% revenue growth and aEBITDA of US$38 million.
In Europe, the acquisition of JET and La Centrale strengthens Naspers’ AI-powered consumer experience ecosystem. OLX reported 22% revenue growth and a 52% increase in aEBITDA, with outstanding performance in the motors and real estate verticals. eMAG maintained stable revenue at US$1.1 billion, with aEBITDA up 55%, while iyzico posted 73% revenue growth and scaled its core business rapidly.
India’s ecosystem continues to expand with investments in PayU, Swiggy, Meesho, PharmEasy, Rapido, and ixigo. PayU achieved 20% revenue growth and improved aEBITDA margins by six percentage points. Its credit business reached breakeven in Q2 FY26, while payment operations showed continued revenue gains.
In South Africa, Takealot Group expanded market reach and launched new fulfillment services for third-party sellers, driving a 16% increase in GMV and 13% revenue growth. Takealot.com achieved a 32% rise in revenue, while Mr D posted 14% GMV growth and 12% revenue growth. Classified platforms AutoTrader and Property24 introduced AI-powered consumer tools, enhancing digital experiences for users.
Naspers emphasizes an AI-first approach as central to its ecosystem strategy, focusing on innovation, customer engagement, and operational efficiency. Leadership reaffirmed its commitment to sustaining peer-leading growth, expanding profitability, generating free cash flow, and strategically deploying capital through business investments, share repurchases, and ecosystem-enhancing initiatives.
