SourceThe Next Web (TNW)•Jun 29, 2026Stalecollected in 10m

Prosus profits double on e-commerce growth and Tencent stake

#investment #fintech#ecommerceprosus-e-commerce-portfolioprosustencent

Understand the investment trends of a major tech conglomerate backing AI-integrated e-commerce platforms.

30-Second TL;DR

What Changed

Prosus reported revenue of approximately $7.3 billion for the fiscal year.

Why It Matters

Prosus's financial health signals continued capital availability for AI-focused e-commerce and fintech startups in emerging markets.

What To Do Next

Monitor Prosus's investment portfolio to identify potential funding sources for AI-driven e-commerce ventures.

Who should care:Founders & Product Leaders

•Prosus reported revenue of approximately $7.3 billion for the fiscal year.
•Profit roughly doubled compared to previous periods.
•The company is successfully diversifying away from its heavy reliance on Tencent.

AI-generated analysis for this event — not the original article.

•Prosus has actively executed a massive share buyback program to address the persistent discount between its market capitalization and the net asset value of its underlying holdings.
•The company's e-commerce division has achieved consolidated trading profit for the first time, marking a pivotal shift from cash-burning growth to sustainable profitability.
•Prosus has significantly reduced its stake in Tencent over recent years to fund its own share repurchases and investments in high-growth sectors like food delivery and edtech.
•The group's strategic focus has narrowed to core segments including Classifieds, Food Delivery, Payments and Fintech, and Edtech, divesting from non-core assets to streamline operations.
•Prosus maintains a dual-listed structure, with its primary listing on Euronext Amsterdam and a secondary listing on the Johannesburg Stock Exchange, providing access to both European and South African capital markets.

Primary Focus

Investment Strategy

Market Exposure

Feature	Prosus	SoftBank Group	Naspers
Primary Focus	Consumer Internet/E-commerce	Tech/AI/Semiconductors	Emerging Markets/Media
Investment Strategy	Operational/Strategic	Venture Capital/Vision Fund	Holding Company
Market Exposure	Global (ex-China focus)	Global (AI/Robotics focus)	South Africa/Global

Prosus will likely increase its dividend payout ratio as e-commerce units reach self-sustaining profitability.

With the e-commerce portfolio no longer requiring heavy capital injections, free cash flow is expected to be redirected toward shareholder returns.

The discount to Net Asset Value (NAV) will remain a primary metric for investor sentiment.

Despite profit growth, the market continues to value Prosus at a significant discount to its Tencent stake, necessitating continued buyback pressure.

2019-09

Prosus lists on Euronext Amsterdam as a spin-off from Naspers to unlock value.

2021-08

Prosus executes a $5 billion share swap with Naspers to simplify the corporate structure.

2022-06

Prosus announces an open-ended share repurchase program to reduce the NAV discount.

2023-06

Prosus completes the sale of its remaining stake in Russian classifieds site Avito.

2024-03

Prosus reports its e-commerce portfolio reaches consolidated trading profit for the first time.

2019-09
Prosus lists on Euronext Amsterdam as a spin-off from Naspers to unlock value.
2021-08
Prosus executes a $5 billion share swap with Naspers to simplify the corporate structure.
2022-06
Prosus announces an open-ended share repurchase program to reduce the NAV discount.
2023-06
Prosus completes the sale of its remaining stake in Russian classifieds site Avito.
2024-03
Prosus reports its e-commerce portfolio reaches consolidated trading profit for the first time.