Naspers Ltd (NAPRF) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hello, partners. How are you? Welcome to our results call. I hope you received and you enjoyed our results today. I'm quite excited to what we shared today. At the same time, we could share a little more about our growth. Not only that we are growing 20%, but even more important, that our ecosystem thesis is working. So I enjoyed very much to share the numbers of Despegar. It's not only 5% of Despegar revenue coming from the iPhone ecosystem, but we share the data week by week. You can see a very strong growth. I'm quite confident we'll get to 10%, 15% in the short term. So this is the base of our thesis, our ecosystem thesis. We are growing very fast in iPhone, but we're pushing Despegar to grow together At the same time, we could share a little of our numbers in terms of results. You saw it grow 70% to $530 million. I think it's great to share this number with you. One year ago, I told you I expect us to have more profit than a decent dividend, and I expect us to get to multiple billion dollars of profit. And many people said, I can't see process doing that. So hope you can see profits doing that today. We are going to get between $1.1 to $1.2 billion in profits in EBITDA this year, excluding JET and Nascent Val. So we can expect $1.2, $1.3, $1.4 billion of EBITDA this year. And fourth floor, total billion dollars of profits in the next few years. So I'm quite excited about our numbers in terms of results. We keep the discipline. We sold 1.2 billion, but we are on track to sell at least $2 billion these years of our assets. We keep our buyback. Now we bought back more than $40 billion, generated more than $60 billion in results. So I think we keep the discipline, we keep the growth, but I want to reinforce, all of that is the foundation to how we are going to build...