Dutch digital services operator Prosus delivered a major financial milestone on Monday, reporting an 84% increase in full-year adjusted core profit — marking the first time its consumer platforms have been profitable in every region where it operates.
Adjusted earnings before interest, tax, depreciation, and amortization across the company’s digital services and e-commerce businesses climbed to $1.3 billion, while total revenue surged 57% to reach $9.7 billion.
Prosus is majority-owned by South Africa’s Naspers and holds the largest outside stake in Chinese technology giant Tencent. Over the past two years, the company has shifted away from being a passive investment holding firm, transforming itself into an active operator of consumer-facing digital services — including food delivery, travel, and financial technology — across Europe, Latin America, and India.
The company set a new record for free cash flow, bringing in $1.5 billion compared to $1 billion the previous year. It also announced a 40% increase in its full-year dividend, raising it to 28 euro cents per share.
Prosus’s European food delivery service Just Eat Takeaway.com, which the company purchased for €4.1 billion ($4.7 billion) last year, generated $1.9 billion in revenue and $83 million in adjusted earnings.
In Latin America, the food delivery platform iFood saw its adjusted earnings skyrocket 178% to $400 million. Meanwhile, the European online marketplace OLX posted a 61% increase in adjusted earnings, reaching $481 million.
