Random News

eriinfo

Tag: revenue

Rasan Reports Record FY 2025 Results with 82% Revenue Growth to SAR 653 Million and Adjusted Net Income Nearly Tripling

Rasan Reports Record FY 2025 Results with 82% Revenue Growth to SAR 653 Million and Adjusted Net Income Nearly Tripling

eriinfo.com03 mins

Rasan Scales new Heights: Record-Breaking FY 2025 Financial Performance (Photo: AETOSWire) Rasan Information Technology Company (Tadawul: 8313), the leading Insurtech and Fintech platform in Saudi Arabia, today announced record financial results for the full year ended 31 December 2025. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260217695698/en/ Financial Highlights: Revenue: SAR 653…

Read More
Mobile, fibre growth drive Telkom’s revenue surge

Mobile, fibre growth drive Telkom’s revenue surge

eriinfo.com05 mins

Strong prepaid performance and growth in mobile data users helped Telkom achieve robust Q3 results. Telkom has maintained solid growth, with the group reporting robust revenue and returns across key metrics in its latest results, strengthened by strong demand for mobile services and data. The telecommunications company’s results for the third quarter ended 31 December 2025 highlight…

Read More
Vodacom service revenue climbs 13% as Egypt and DRC surge

Vodacom service revenue climbs 13% as Egypt and DRC surge

eriinfo.com03 mins

Vodacom Group reported a strong performance for the third quarter ended December 31, 2025, with service revenue rising nearly 13% to R34.6 billion. This growth was primarily fuelled by robust expansion in its international markets, specifically Egypt and the Democratic Republic of Congo (DRC), helping the group track favourably against its medium-term financial targets. Read:…

Read More
Netflix projects massive ad revenue growth and pivots to cash bid for Warner Bros.

Netflix projects massive ad revenue growth and pivots to cash bid for Warner Bros.

eriinfo.com03 mins

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…

Read More
Araxi grows revenue to R653m despite weak economy

Araxi grows revenue to R653m despite weak economy

eriinfo.com04 mins

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…

Read More
Naspers, Prosus set for minimum .3bn revenue

Naspers, Prosus set for minimum $7.3bn revenue

eriinfo.com07 mins

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…

Read More
NVIDIA reports record revenue, dismisses AI bubble fears

NVIDIA reports record revenue, dismisses AI bubble fears

eriinfo.com07 mins

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…

Read More
Tech push helps Sars deliver R78-billion revenue boost

Tech push helps Sars deliver R78-billion revenue boost

eriinfo.com05 mins

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…

Read More