Prosus Ecommerce Profitability Surges 70%, as Ecosystem Growth Accelerates
MWN-AI** Summary
Prosus N.V. has reported an impressive 70% surge in eCommerce profitability, achieving an adjusted EBITDA of $530 million for the first half of FY26. The company's ecosystem strategy is yielding strong results across markets in Latin America, Europe, and India, with every operated business now profitable. Prosus anticipates exceeding its full-year guidance of $1.1 billion in adjusted EBITDA, which does not include the impacts of recent acquisitions.
Revenue for Prosus' eCommerce segment grew by 22% to $3.6 billion, outpacing competitors and driven by robust performance in its key ventures, particularly iFood in Latin America, along with improvements in other platforms like Despegar, OLX, and new additions Just Eat Takeaway.com (JET) and La Centrale in Europe. iFood alone achieved a notable 32% revenue growth on the back of robust food delivery and fintech services.
The company’s free cash flow improved by $399 million to $1.3 billion, highlighting its financial strength and ongoing capital flexibility for future investments. Prosus aims to unlock around $2 billion from its portfolio this year and emphasizes a commitment to innovation through AI, with plans to build a leading AI lab in Europe supported by over 20,000 AI agents.
Prosus' CEO, Fabricio Bloisi, credits the success to disciplined execution and integration of its services, enhancing customer engagement and diversifying revenue streams, especially in Latin America and India. CFO Nico Marais emphasized continued growth and capital deployment, reaffirming the strategic focus on expanding regional ecosystems while providing substantial value to shareholders. As Prosus continues to innovate within the eCommerce sector, it is poised for significant growth in an increasingly AI-driven landscape.
MWN-AI** Analysis
Prosus N.V. has recently reported a remarkable 70% surge in ecommerce profitability, underscoring a robust performance across its global ecosystems in Latin America, Europe, and India. The company’s disciplined execution strategy has enabled all its operated businesses to achieve profitability, with projected adjusted EBITDA for the year exceeding $1.1 billion. This growth trajectory, bolstered by significant cash flow improvements, positions Prosus as a formidable player in the increasingly competitive ecommerce landscape.
Investors should closely observe Prosus’ strategic focus on AI and technology-driven innovation. The establishment of a leading AI lab in Europe, combined with the operation of over 20,000 AI agents, suggests that the company is committed to leveraging technology to enhance customer engagement and economic efficiency across its diverse portfolio. With core business revenue growth of 22% and plans for substantial capital deployment through share buybacks and acquisitions, Prosus is poised to create shareholder value while driving sustainable growth.
In Latin America, the integration of iFood with Despegar showcases successful cross-pollination of services, enhancing user engagement and revenue generation. The impressive performance of iFood’s fintech offerings highlights the importance of diversification and adaptability in today’s market. In Europe, recent acquisitions such as Just Eat Takeaway.com indicate an ambition to replicate successful strategies from Latin America, leveraging AI for better consumer experiences.
Given the strong fundamentals indicated by increased free cash flow and diligent asset management, prospective investors may consider acquiring shares in Prosus as it continues to unlock growth opportunities. However, stakeholders should also remain vigilant regarding macroeconomic challenges and consumer trends that could impact the ecommerce sector. Overall, Prosus presents a compelling growth story within a dynamic technological landscape.
**MWN-AI Summary and Analysis is based on asking OpenAI to summarize and analyze this news release.
Prosus N.V. (Prosus) (AEX and JSE: PRX) is delivering on its ecosystem strategy, with strong growth, results and synergies taking hold across Latin America, Europe and India. Disciplined execution is driving our performance, with all of our operated businesses now profitable. We are on track to achieve our guidance 1 of US$1.1bn+ in adjusted EBITDA for the full year - and this number does not include our recent acquisitions. New investments, notably Just Eat Takeaway.com (JET) and La Centrale will help fuel our growth and we aim to unlock around US$2bn from our portfolio this year.
In a world of rapid technological change, delivering innovation is our highest priority, and we are building the leading AI lab in Europe. With 20 thousand AI agents already accelerating our work, we are an AI-first organisation, laser-focused on executing our ecosystem strategy.
Highlights 2
- Ecommerce revenue growth of 22% (14%), to US$3.6bn, ahead of peers
- Ecommerce aEBITDA up 70% (58%), to US$530m
- US$399m improvement in free cash flow, to US$1.3bn
- US$1.2bn of asset sales to date in FY26
- US$63bn created through the buyback and narrowing of the discount
Fabricio Bloisi, CEO, Prosus and Naspers said “We are delivering as promised through strong execution, discipline and integration - driving deeper engagement with customers and unlocking new revenue streams. In Latin America, iFood is boosting revenue at our online travel business Despegar, while better execution and strategic acquisitions are strengthening our position in India. In Europe, we have invested in JET and La Centrale, which will deliver superior AI-powered consumer experiences in a high-potential market.
We are building the future with AI, and already have more than 20,000 AI agents helping us scale quicker and make smarter decisions. Our focus on results and innovation, backed by our Prosus Way culture, means we’re on track to meet FY26 targets. But this is just the start, as we work to unlock an AI-first world for our 2 billion customers.”
Nico Marais, CFO, Prosus and Naspers said “We delivered a strong first half with record revenue, profitability, and free cash flow, supported by our most profitable businesses. With this momentum, I’m confident that we’re on track to meet our FY26 guidance. Our strong balance sheet, bolstered by improving cash flows, allows us the flexibility to invest to expand and accelerate the growth of our regional ecosystems. We will continue to invest in ourselves, through the buyback, which is creating immense value for our shareholders. Looking ahead our priorities are clear: sustain peer-leading growth with expanding profitability and free-cash flow, and deploy capital strategically, through business investments, share repurchases, and ecosystem-enhancing opportunities.”
Ecosystem progress
Latin America (iFood, iFood Pago, Despegar, OLX Brasil and Sympla)
In Latin America, we are leading the way in building integrated operations, investments and partnerships. We are connecting our leading brands to drive deeper engagement and build new revenue streams.
iFood
- Strong progress driven by excellent execution in core food delivery, growth in Clube loyalty programme and expanding fintech offering (iFood Pago). Successful diversification beyond food delivery through acquisitions and restaurant technology offerings.
- Overall, delivered strong revenue growth of 32% (35%), with aEBITDA increasing 57% (64%) to US$184m.
- Core food delivery delivered strong topline growth, with orders up 11%, GMV up 15% and revenue increasing 14% (24%).
- Core food delivery profitability improved 27% (29%) to US$204m, with an aEBITDA margin of 32%.
- iFood Pago revenues grew 179% (96%), with aEBITDA profitability achieved in September 2025.
Despegar 3
- Early integration with iFood delivering results, with 5% of Decolar net revenue from iFood
- Gross bookings grew 30%, driving a 18% (13%) increase in revenue
- aEBITDA of US$38m, with a 13% margin
Europe (OLX, eMAG, iyzico and Just Eat Takeaway.com 4 )
In Europe, we want to replicate our Latin American ecosystem success, with the recent acquisitions of JET and La Centrale advancing this ambition. With category-leading businesses, delivering AI-powered best-in-class consumer experiences, we see huge potential for value creation in this important market.
OLX
- A strong performance driven by motors and real estate verticals.
- Revenue grew 22% (17%), to US$473m
- aEBITDA grew strongly, up 52% (44%) to US$231m, with 10pp margin increase to 49%
- Motors delivered an exceptional performance, growing revenue 27% (23%) to US$191m and expanding aEBITDA margins to 60%
- Real estate showed strong growth, with revenue up 26% (23%) to US$92m and aEBITDA margins increasing to 45%
- La Centrale 5 deal to add growth and profitability to OLX
- Focus ahead on sustaining revenue growth and enhancing profit margins through monetisation efforts, AI innovations, and operational efficiencies.
eMAG
- Profitability strengthened, despite intensifying competition and a challenging macroeconomic environment
- Revenue stable at US$1.1bn, while aEBITDA grew 55% (23%) to US$45m
Iyzico
- Strong growth and rapid scaling of core business
- TPV up 65% and revenue up 73% (50%), to US$207m
- aEBITDA stable at US$11m
Just Eat Takeaway.com
- JET successfully acquired and delisted on 17 November 2025
- JET will anchor our European lifestyle ecommerce ecosystem, as we build an AI tech champion in Europe.
India (PayU + investment portfolio, incl. Swiggy, Meesho, PharmEasy, Rapido and ixigo)
Our Indian ecosystem is evolving through better execution and acquisitions of high-potential businesses, with new investments in Rapido and ixigo. PayU is increasingly connected across this ecosystem, adding new partnerships with Swiggy, Meesho and PharmEasy, and opportunities for synergies more widely.
PayU
- A return to growth, driven by strong execution and improved efficiencies, following approval of payment aggregator licence
- Overall, revenue increased 20% (17%) to US$397m
- aEBITDA margin grew 6pp in 1H26, with a profitable Q2 FY26
- In payments, revenue grew 20% (16%) to US$301m, with aEBITDA of US$2m
- In credit, revenue jumped 17% (22%) to US$96m, with aEBITDA margin growing 17pp, reaching breakeven in Q2 FY26
About Prosus
Prosus is the power behind the world’s leading lifestyle ecommerce brands, across Europe, India, and Latin America, unlocking an AI-first world for our 2 billion customers.
The Prosus technology ecosystem spans food delivery, payments, classifieds, travel, events, and mobility. Our integrated approach enhances user engagement and creates the foundation for unprecedented AI capabilities through proprietary data and cross-service intelligence.
Through Prosus Ventures, we invest in companies which inspire and support the Prosus ecosystem. We search for new opportunities at the leading edge of AI and ecommerce, the digital AI workforce and in frontier technologies, such as robotics, drones and synbio.
The team actively backs exceptional entrepreneurs who are using technology to improve people’s everyday lives.
To find out more, please visit www.prosus.com .
____________________ |
1 Guidance excludes the impact of JET and La Centrale acquisitions |
2 Unless otherwise stated, growth rates discussed in this report compare the first half of the financial year ending 31 March 2026 (1H26) to the first half of the financial year ending 31 March 2025 (1H25). The percentages/numbers in brackets represent local currency growth, excluding the impact of acquisitions and disposals (M&A), and provide a clearer view of our businesses’ underlying operating performance. Financial results are presented on a continuing operations basis. |
3 Year-on-year operational data for Despegar is shown for comparison only. Despegar financials are consolidated into Prosus from May 2025 onwards. |
4 Delisted on 17 November 2025. |
5 Transaction closed on 17 November 2025. |
View source version on businesswire.com: https://www.businesswire.com/news/home/20251123631802/en/
For more information, please contact:
Eoin Ryan
Head of Investor Relations
Tel: +1 347 210 4305
Email: eoin.ryan@prosus.com
Charlie Pemberton
Communications Director
Tel: +31 615 494 359
Email: charlie.pemberton@prosus.com
FAQ**
How do the recent acquisitions of Just Eat Takeaway.com and La Centrale align with the broader growth strategy of Prosus NV - Class N PROSF, specifically in enhancing profitability and innovation?
Considering the impressive 2ecommerce revenue growth, what specific factors have contributed to this success for Prosus NV - Class N PROSF in comparing performance across Latin America, Europe, and India?
With the significant focus on AI integration across its business, what tangible benefits and efficiencies has Prosus NV - Class N PROSF experienced from deploying over 20,000 AI agents in its operations?
What are the anticipated impacts of the $2 billion asset unlocking strategy on the overall financial health and investment strategies of Prosus NV - Class N PROSF in the upcoming fiscal year?
**MWN-AI FAQ is based on asking OpenAI questions about Prosus NV - Class N (OTC: PROSF).
NASDAQ: PROSF
PROSF Trading
0.0% G/L:
$52.248 Last:
267 Volume:
$52.248 Open:
