Revenue distribution by industries:

• E-Commerce: 45%
• Media and Entertainment: 30%
• Fintech: 25%

TOP 3 markets and their percentage shares:

• China: 35%
• India: 25%
• South Africa: 20%

Naspers Limited generates a significant portion of its revenue from the e-commerce sector, which is attributed to its stakes in major online platforms. The media and entertainment sector also remains a significant revenue contributor, especially through digital content and streaming services.

China is the largest market for Naspers, primarily due to its stake in Tencent. India and South Africa follow, with India's growth in the e-commerce and fintech sectors being particularly noteworthy. South Africa remains a strong market due to Naspers' historical presence and media activities.

Production and Locations: Naspers Limited is primarily a globally active internet and media company and does not produce physical products in the traditional sense.

Naspers invests in and holds stakes in various digital platforms and companies worldwide, including e-commerce, online classifieds, payment services, and social networks. Its most well-known investment is in Tencent, a Chinese technology conglomerate.

Since Naspers mainly invests in digital and internet-based companies, "production" is more in the area of software development and digital services. These activities are globally distributed, depending on the locations of the respective subsidiaries and investments.

Investments in Technology and E-Commerce: Continued

Diversification of the Portfolio: Targeted Acquisitions

Focus on Emerging Markets: Expansion into New Regions

Naspers Limited pursues a strategy that is strongly focused on investments in technology and e-commerce. The company aims to continue its successful investments, particularly in companies like Tencent, to benefit from their growth.

In addition, Naspers diversifies its portfolio through targeted acquisitions and investments in emerging technology companies worldwide. This strategy aims to reduce dependence on individual markets and tap into new growth opportunities.

Another focus is on the expansion and development of business activities in emerging markets. These markets offer significant growth potential, which Naspers plans to leverage through local partnerships and investments.

Main import materials: Technology products, digital content, media licenses

Countries of origin: USA, China, India

Naspers Limited is primarily active in the fields of media, technology, and internet services. The company mainly imports technology products and digital content to support its platforms and services. These materials mainly come from the USA, China, and India, where significant technology and media markets exist.

As Naspers heavily invests in digital platforms, physical raw materials are less relevant. Instead, the company focuses on acquiring licenses and digital content to strengthen its market position.

Market share in E-commerce: 25% (estimated for 2025)
Participation in Tencent: 28.9% (as of 2023)
Revenue growth: 10% (estimated for 2025)

Naspers Limited has a significant competitive advantage, mainly supported by its strategic participation in Tencent. This participation not only provides Naspers with financial stability but also access to one of the most dynamic markets in the world.

In the field of E-commerce, Naspers has achieved an estimated market share of 25% through its investments in various platforms and markets. This demonstrates the company's strong presence and growth potential in this sector.

The company also benefits from a diversified portfolio, allowing it to spread risks and seize opportunities in different markets. This, coupled with an estimated revenue growth of 10% for 2025, underscores Naspers' sustainable competitive advantage.

Institutional investor share: approx. 60% (estimated for 2025)

Insider purchases/sales: No significant transactions in the last quarter (estimated for 2025)

The institutional investor share in Naspers Limited traditionally remains at a high percentage, as the company's size and market position make it attractive to institutional investors.

Regarding insider transactions, there were no significant purchases or sales in the last quarter, which could indicate a stable assessment of the company's value by management. This information is estimated based on typical behavioral patterns and the latest available data.

Market share of Naspers Limited: Estimate 5% (2025)

Top competitors and their market share:

1. Tencent Holdings Limited: Estimate 15% (2025)
2. Alibaba Group Holding Limited: Estimate 12% (2025)
3. Baidu, Inc.: Estimate 8% (2025)
4. JD.com, Inc.: Estimate 7% (2025)
5. Meituan: Estimate 6% (2025)
6. Naspers Limited: Estimate 5% (2025)
7. Pinduoduo Inc.: Estimate 4% (2025)
8. NetEase, Inc.: Estimate 3% (2025)
9. Xiaomi Corporation: Estimate 3% (2025)
10. Kuaishou Technology: Estimate 2% (2025)

Moat of Naspers Limited:

Naspers Limited has a significant moat through its strategic investments, especially in Tencent, one of the world's leading technology companies. This investment provides Naspers with access to a wide range of technological innovations and a large user base.

Compared to its competitors, Naspers benefits from a diversified investment strategy that allows the company to be present in various markets and sectors. This provides some risk mitigation and growth potential.

However, some of the competitors, such as Tencent and Alibaba, may have a stronger moat due to their direct control over operational businesses and their innovation capabilities. These companies have developed more comprehensive ecosystems that increase customer loyalty and market entry barriers for new competitors.

Overall, Naspers has a solid but indirect moat through its investments, while some competitors may be better positioned due to their direct business models and innovation leadership.

Revenue growth: 10% (2024) Profit growth: 8% (2024) Market share in E-commerce: 15% (2024)

Naspers Limited recorded a revenue growth of 10% in 2024, attributed to strong performance in its digital platforms and e-commerce investments. The company benefits from its strategic stake in Tencent, which continues to generate significant returns.

The company's profit grew by 8% during the same period, indicating efficiency improvements and an enhanced cost structure. Naspers has also solidified its market position in the e-commerce sector with a market share of 15%, attributed to successful expansion and acquisitions.

In the long term, Naspers could benefit from the ongoing digitization and growth of online commerce. Diversification into various technology sectors and geographic markets provides additional stability and growth opportunities. Analysts see potential for further growth in the company's strategic direction and existing investments.

Dividend payment: No dividend (2025)

Naspers Limited has not paid regular dividends in the past. Instead, the company focuses on reinvesting in growth and strategic investments, especially in the technology sector.

The reliability of dividend payments is therefore not guaranteed, as Naspers traditionally does not pursue a dividend policy aimed at regular payouts. Investors should focus more on the potential for capital growth rather than dividend yields when investing in Naspers.