{"id":253873,"date":"2018-06-28T16:20:12","date_gmt":"2018-06-28T14:20:12","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=253873"},"modified":"2018-06-28T16:20:12","modified_gmt":"2018-06-28T14:20:12","slug":"heres-where-naspers-makes-its-money","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/internet\/253873\/heres-where-naspers-makes-its-money\/","title":{"rendered":"Here’s where Naspers makes its money"},"content":{"rendered":"

While still one of the largest companies in South Africa, internet and media group Naspers has also begun to shine on the global stage, thanks to a strong acquisition strategy.<\/p>\n

Naspers now derives as much as 84% of revenues from outside South Africa, up from 80% a year ago.<\/p>\n

The group made big plays in the online food delivery industry by investing a combined $1.4 billion in Germany based firm Delivery Hero, and India based startup Swiggy.<\/p>\n

Locally, the group invested $74 million in Takealot, in April, and followed this with another $128-million investment in December 2017.<\/p>\n

Through these two investments, totalling $202 million, Naspers now owns an effective stake of 96% in Takealot.<\/p>\n

The company made an additional four investments in various startup business during 2017.<\/p>\n

\"\"<\/a><\/p>\n

The group last week announced its financial results for the year ended March 2018, showing a 9% rise in consolidated revenue to $6.66 billion, \u201cas e-commerce continued to scale\u201d.<\/p>\n

It said that e-commerce revenues grew 15% or 32% in local currency and adjusted for the impact of acquisitions and disposals – including Allegro and Netretail.<\/p>\n

Revenues, measured on an economic interest basis (including the proportionate contribution from associates and joint ventures), increased 38% year on year to $20.1 billion. Core headline earnings grew 72% to $2.5 billion, Naspers said.<\/p>\n

The group said it reduced its operating loss to US$198 million from a prior loss of US$360 million, however profit for the year soared to $11.3 billion, from $2.16 billion, due to the disposal of a 2% interest in Tencent Holdings.<\/p>\n

\"\"<\/a><\/p>\n

Naspers said that a diversified business mix is an ongoing shift. “Diversity of revenue streams reduce the risk of exposure to any one territory\/currency or business model”.<\/p>\n

Annuity income – subscription revenues, IVAS and gaming – accounted for 55% of revenues, while advertising revenue is only 13% of total revenue, the group said.<\/p>\n

\"\"<\/a><\/p>\n

\n

Read: Naspers profits massively from Tencent disposal<\/a><\/strong><\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

While still one of the largest companies in South Africa, internet and media group Naspers has also begun to shine on the global stage, thanks to a strong acquisition strategy.<\/p>\n","protected":false},"author":10,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9882],"tags":[26,107],"class_list":["post-253873","post","type-post","status-publish","format-standard","hentry","category-internet","tag-headline","tag-naspers"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/253873","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=253873"}],"version-history":[{"count":6,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/253873\/revisions"}],"predecessor-version":[{"id":255091,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/253873\/revisions\/255091"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=253873"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=253873"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=253873"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}