Naspers Ltd (NAPRF) Q2 2026 Earnings Call

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Replay transcript excerpt

WEBVTT 00:00:01.988 -- 00:00:07.139 Hello, partners. How are you? Welcome to our results call. 00:00:07.139 -- 00:00:10.746 I hope you received and you enjoyed our results today. 00:00:10.746 -- 00:00:14.754 I'm quite excited to what we shared today. 00:00:14.754 -- 00:00:19.150 At the same time, we could share a little more about our growth. 00:00:19.150 -- 00:00:24.355 Not only that we are growing 20%, but even more important, that our ecosystem thesis 00:00:24.355 -- 00:00:29.139 is working. So I enjoyed very much to share the numbers of Despegar. 00:00:29.139 -- 00:00:34.203 It's not only 5% of Despegar revenue coming from the iPhone ecosystem, but we share the 00:00:34.203 -- 00:00:37.586 data week by week. You can see a very strong growth. 00:00:37.586 -- 00:00:41.409 I'm quite confident we'll get to 10%, 15% in the short term. 00:00:41.409 -- 00:00:43.972 So this is the base of our thesis, our ecosystem thesis. 00:00:43.972 -- 00:00:48.452 We are growing very fast in iPhone, but we're pushing Despegar to grow together At the 00:00:48.452 -- 00:00:54.581 same time, we could share a little of our numbers in terms of results. 00:00:54.581 -- 00:00:59.285 You saw it grow 70% to $530 million. I think 00:00:59.528 -- 00:01:05.057 it's great to share this number with you. One year ago, I told you I expect us to 00:01:05.057 -- 00:01:09.624 have more profit than a decent dividend, and I expect us to get to multiple billion dollars 00:01:09.624 -- 00:01:11.486 of profit. 00:01:11.486 -- 00:01:16.070 And many people said, I can't see process doing that. 00:01:16.070 -- 00:01:18.734 So hope you can see profits doing that today. 00:01:18.734 -- 00:01:23.980 We are going to get between $1.1 to $1.2 billion in profits in EBITDA 00:01:23.980 -- 00:01:27.162 this year, exclud...