Prosus Core Earnings Leap 84% as All Regions Post Profit for the First Time

Prosus has reported an 84% leap in full-year adjusted core profit to $1.3 billion, with its consumer platforms profitable across all regions for the first time. The Silicon Review examines how the Dutch tech investor is finally proving it's more than just a Tencent holding company.

For years, Prosus was known as the company that owned a giant stake in Tencent. Investors worried that its entire value depended on a single Chinese tech stock. No more.

The Dutch digital services operator has just reported an 84% leap in full-year adjusted core profit, with revenue up 57% to $9.7 billion and free cash flow hitting a record $1.5 billion. But the real headline is this: all of its regional ecosystems became profitable for the first time.

"FY26 was a landmark year for Prosus. We delivered strong free cash flow, tripled our ecosystem aEBITDA in two years, and achieved profitability across all three regional ecosystems,"said Nico Marais, Chief Financial Officer of Prosus.

The results validate a two-year transformation from a passive investment holding company into an active operator of consumer digital services spanning food delivery, travel, and fintech across Europe, Latin America, and India.

Latin America led the charge. iFood, the region's food delivery platform, grew adjusted EBITDA by 178% to $400 million. Its fintech arm, iFood Pago, saw revenue surge 219% to $463 million and turned profitable for the first time. The travel platform Despegar, acquired last year, generated $8.4 billion in total bookings.

Europe delivered too. The €4.1 billion acquisition of Just Eat Takeaway.com contributed $1.9 billion in revenue and $83 million in adjusted EBITDA. OLX, the online marketplace, grew adjusted EBITDA by 61% to $481 million.

Here is the question this milestone raises. For the first time, Prosus is generating real cash from its operating businesses rather than relying on the ups and downs of its Tencent stake. But with the company deploying some $8.5 billion for acquisitions over the past year, can it sustain this momentum without overextending?

Prosus has also raised its full-year dividend by 40% to 28 euro cents per share. The company is now turning to open-source AI options rather than relying on American models, arguing they are cheaper and deliver comparable results.

As Prosus reports an 84% surge in core earnings with all regions profitable for the first time, The Silicon Review asks a final question. When a company that was once defined by its stake in Tencent finally proves it can stand on its own, is this the beginning of a new era or just a good year?

FAQ:

Q: How much did Prosus core earnings grow?
A: Prosus core earnings leaped 84% to $1.3 billion, with revenue up 57% to $9.7 billion.

Q: What does "all regions profitable" mean for Prosus?
A: It means Prosus's consumer platforms across Europe, Latin America, and India all posted positive adjusted EBITDA for the first time.

Q: How much did iFood contribute to Prosus results?
A: iFood grew adjusted EBITDA by 178% to $400 million, while its fintech arm iFood Pago saw revenue surge 219%.

Q: What was the impact of the Just Eat Takeaway acquisition?
A: Just Eat Takeaway.com contributed $1.9 billion in revenue and $83 million in adjusted EBITDA after its €4.1 billion acquisition.

Q: How much did Prosus increase its dividend?
A: Prosus raised its full-year dividend by 40% to 28 euro cents per share.

Q: Is Prosus still reliant on Tencent?
A: Less so. The company is generating record free cash flow from its operating businesses, reducing its dependency on its Tencent stake.