Netherlands · Delayed Price · Currency is EUR Prosus Earnings Call Transcripts
Fiscal Year 2026
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A comprehensive AI strategy is driving transformation across commerce, with proprietary Large Commerce Models and the Toqan platform enabling deep personalization, automation, and agentic workflows for both internal teams and partners. Life assistants and specialized agents are already live for millions, with open innovation and ecosystem expansion set to accelerate through 2026.
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Achieved 70% revenue growth and expect $1.1–$1.2 billion profit this year, driven by ecosystem synergies, disciplined buybacks, and strong segment performance in iFood, OLX, and India. JET is under operational review, with updates expected in 45 days.
Fiscal Year 2025
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The meeting highlighted strong revenue and profit growth, a doubling of the dividend, and a sharpened focus on AI-driven e-commerce ecosystems in key regions. Shareholders approved all resolutions, and management addressed questions on sustainability, governance, and strategic direction.
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The group is executing a disciplined strategy to build leading lifestyle e-commerce ecosystems in key regions, leveraging AI, high-frequency businesses, and targeted M&A to drive rapid growth, margin expansion, and free cash flow. Ambitious financial targets include doubling revenue and tripling EBITDA by 2028, supported by a strong capital structure and ongoing buybacks.
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Adjusted EBIT reached $443 million, exceeding targets, with 21% revenue growth and doubled dividends. Strong operating leverage in iFood and OLX, rapid integration of Despegar, and a focus on AI-driven innovation underpin ambitions for $800M+ EBIT by FY2026.
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India's tech and investment landscape is rapidly evolving, with strong macroeconomic growth, a thriving startup ecosystem, and a differentiated investment approach focused on value creation and local execution. Key portfolio companies are scaling, with future bets on AI, healthcare, and underserved demographics.
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Revenue grew 26% year-over-year with EBIT up 5x, driven by operational improvements and asset sales. Guidance targets $6.2B revenue and $400M EBIT, with strong free cash flow and a focus on disciplined capital allocation and AI-driven innovation.
Fiscal Year 2024
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The meeting highlighted strong revenue growth, first-time e-commerce profitability, and a 43% dividend increase. Shareholders debated governance, remuneration, and the holding company discount, with all agenda items approved. Strategic focus remains on AI, innovation, and sustainability.
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Achieved first-ever full-year e-commerce profitability, tripled free cash flow, and delivered 19% revenue growth, outpacing peers. iFood and OLX led segment performance, while a €32 billion buyback improved NAV per share. AI and ecosystem synergies are key to future growth.