Prosus core earnings leap 84% as all regions post profit

Earnings
โดย Reuters·Read original
Summary · why it matters

Prosus reported an 84% leap in full-year adjusted core profit, with its consumer platforms profitable across all regions for the first time. Adjusted EBITDA across its digital services and e-commerce portfolio rose 84% to $1.3 billion on revenue up 57% at $9.7 billion. The company posted record free cash flow of $1.5 billion, up from $1 billion a year earlier, and raised its full-year dividend by 40% to 28 euro cents per share. Its European food delivery platform Just Eat Takeaway.com contributed $1.9 billion in revenue and $83 million in adjusted EBITDA, while Latin American food delivery platform iFood grew adjusted EBITDA by 178% to $400 million and European online marketplace OLX's adjusted EBITDA rose 61% to $481 million.

Impact on stocks 2

Digital Finance & Tokenization · 2 stocks
Prosus N.V.
PRX
▲ PositiveCapitalrelevance

Prosus reported 84% leap in adjusted core profit, record free cash flow, and raised dividend

Off-coverage companies 3

iFoodPrivate▲ Positive
Demandrelevance

iFood grew adjusted EBITDA by 178% to $400 million, contributing to Prosus's strong results

Just Eat Takeaway.com N.V.Private▲ Positive
Demandrelevance

Just Eat Takeaway.com contributed $1.9 billion revenue and $83 million adjusted EBITDA to Prosus

OLXPrivate▲ Positive
Demandrelevance

OLX's adjusted EBITDA rose 61% to $481 million, contributing to Prosus's strong results