Prosus projects 28% profit surge on Tencent, e-commerce gains

Prosus N.V., an Amsterdam-based global internet group and a subsidiary of South Africa’s Naspers Limited, said it expects a solid rise in full-year earnings, helped by steady performance across its portfolio of online businesses and continued gains from its stake in Chinese tech firm Tencent. The company is finalizing its accounts for the year ended March 31, 2026.

Core earnings jump up to 28 percent

In a voluntary trading update, Prosus said core headline earnings per share from continuing operations are expected to rise between 19 percent and 28 percent. The company uses this measure to reflect underlying performance, stripping out one-off accounting items and valuation swings tied largely to its investment in Tencent.

Revenue for the period topped $7.3 billion, supported by broad-based activity across its consumer internet platforms. The group also reported $1.1 billion in ecosystem adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA), pointing to improved profitability across its core markets in Latin America, Europe, and India.

Prosus tracks mixed earnings growth outlook

On other key measures, headline earnings per share (HEPS) from continuing operations are expected to increase between 6.7 percent and 15.7 percent, while basic earnings per share may range from a 2.6 percent decline to a 6.4 percent gain. Prosus said the wider range reflects fewer Tencent share disposals during the period compared with the prior year.

The company also pointed to currency-related pressures, noting that unrealized foreign exchange losses on euro-denominated bonds weighed on the overall earnings picture when translated into its U.S. dollar reporting currency. Prosus released the update alongside its parent, Naspers, which is due to publish audited results on June 29, 2026.

CEO Bloisi outlines Just Eat’s turnaround plan

Earlier in the year, Prosus and Naspers CEO Fabricio Bloisi said the group aims to generate about $3.6 billion in annual revenue from Just Eat Takeaway.com within a year as it works to simplify and stabilize its European food delivery operations. He added that the company expects Just Eat Takeaway.com to reach $100 million in adjusted EBITDA by the end of 2027.

Bloisi said the food delivery unit is expected to return to revenue and order growth by the end of this year, pointing to internal tests in selected cities where order volumes have risen by more than 25 percent annually under Prosus’ operating model. He said the focus is now on tighter integration across platforms to reduce overlap, improve execution, and support more consistent growth across markets.