Prosus Reports Increased H1 Results; Confirms Progress Towards FY AEBITDA Target
Financial Performance: Prosus N.V. reported a profit increase to $5.632 billion in the first half of the year, up from $4.586 billion last year, with a 22% rise in consolidated revenue to $3.623 billion.
Growth Drivers: The company's revenue growth was driven by strong performances from iFood in Latin America, OLX in Europe, and PayU in India, alongside new investments in Just Eat Takeaway.com and La Centrale.
Future Outlook: Prosus aims to achieve $1.1 billion in adjusted EBITDA for the full year and plans to unlock around $2 billion from its portfolio, emphasizing a focus on AI to enhance decision-making and scalability.
Earnings Metrics: Core headline earnings from continuing operations rose by 13% to $4.0 billion, with significant improvements in aEBIT and aEBITDA across its Ecommerce portfolio, reflecting operational enhancements.
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