Naspers has expanded its revenue sources, where the majority of it now flows from internet businesses and e-commerce.
Naspers says it has expanded its revenue sources. The majority of its revenue previously came from publishing and media, but now most of its revenue, approximately 80%, flows from internet businesses and e-commerce, which CEO Bob van Dijk claims could go up to nearly 100% in the coming years. Naspers focus is on technology relevant to education, health, and agriculture.
Investments into popular online education platforms, such as Codeacademy, Brainly, and Udemy are just one example of how Naspers is focusing on what it dubs, “edtech” as one of its main avenues of expenditure. In the last fiscal year, revenue generated from Naspers’ invested internet businesses reached $15, 1 billion, generating trading profit of $3,1 billion.
Speaking about move into the internet business and e-commerce space, van Diljk said, “This will come with the continued growth of the online businesses, new investments in technology companies and the completion of the digital transformation of our video entertainment and media businesses.”
