Netflix’s advertising business has reached a major turning point, more than doubling its revenue to $1.5 billion between 2024 and 2025. During the company’s most recent earnings call, co-CEO Greg Peters expressed high confidence in this trajectory, projecting that ad revenue will “roughly double again” in 2026 to reach approximately $3 billion. This rapid scaling…
The latest analytical report released by McKinsey & Company has showed that the African continent’s data centre market could unlock between $20 billion and $30 billion in annual revenue by 2030, driven by the rapid rise of Artificial Intelligence (AI), Cloud adoption, and Data-intensive consumer services. The report however said capturing the $30 billion opportunity…
Araxi CEO Bradley Sacks. Fintech group Araxi (previously Capital Appreciation) says it has delivered resilient financial performance, growing its revenue to R653 million, amid ongoing low business confidence and sluggish economic growth. In its latest results for the six months ended 30 September, the group says two of its divisions attracted new clients and secured…
Naspers and Prosus CEO Fabricio Bloisi. (Supplied) JSE-listed Naspers and its international arm Prosus are on track to deliver more than $7.3 billion – R126.44 billion – in revenue over the entire year, according to an interim results presentation this morning. This would represent an increase of around 1.4% on the top line year-on-year based…
Jensen Huang, NVIDIA CEO and co-founder. NVIDIA has entered several key partnerships and shrugged off concerns of an artificial intelligence (AI) bubble as it reports record revenue up 62% from a year ago in its third quarter to end-October. Nasdaq-listed NVIDIA overnight reported revenue of $57 billion (R980 billion) for the period, exceeding analysts’ expectations…
Sars commissioner Edward Kieswetter Tax collections are expected to remain buoyant in the medium term, with the South African Revenue Service working on eight “generation projects”, including the adoption of new technologies and upskilling staff in AI, to improve revenue collection. Finance minister Enoch Godongwana delivered in his medium-term budget policy statement on Wednesday. By…
Amazon CEO Andy Jassy speaks during an Amazon Devices launch event in New York City, U.S., February 26, 2025. Brendan Mcdermid | Reuters Amazon shares soared 10.81% on Friday after the company reported an across-the-board beat for the third quarter and boosted its forecast for spending due to demand for artificial intelligence services. Cloud was a…
Tertius Zitzke, group CEO of 4Sight Holdings. JSE-listed technology company 4Sight Holdings highlights the integration of artificial intelligence (AI) and the internet of things (IOT) as a central driver of its profitability. This emerged when the company today announced its interim financial results for the six months ended 31 August. According to 4Sight, the sustained…
Graham Douglas, chief customer and revenue officer at Mimecast. Global cyber security firm Mimecast has appointed Graham Douglas as chief customer and revenue officer with the mandate to unite customer success, sales and go-to-market strategy and secure growth. Mimecast notes it has over 42 000 customers globally (4 400 of which are based in SA)…
Boomi Appoints Diane Fanelli as Chief Revenue Officer Boomi™, the leader in AI-driven automation, today announced the appointment of Diane Fanelli as Chief Revenue Officer. Fanelli will lead Boomi’s worldwide revenue organization, responsible for strengthening customer partnerships, advancing global go-to-market strategies, and driving sales excellence as Boomi continues its rapid growth. She will report to…
