By Najat Kantouar
Prosus, Tencent Holdings' largest shareholder, expects to keep growing substantially in the coming years, supported by increased investments in artificial intelligence.
The technology investor anticipates a $1.3 billion improvement in consolidated e-commerce adjusted earnings before interest, taxes, depreciation, and amortization over three years. The company also expects to double its consolidated e-commerce revenue over the same period, Chief Executive Fabricio Bloisi said Wednesday at the company's capital markets days.
Prosus expects to deliver in between $7.3 billion and $7.5 billion in consolidated e-commerce revenue for fiscal 2026.
The company's consolidated results include the accounts of its subsidiaries in which it has a majority stake. Prosus reports certain metrics on an economic-interest basis, which includes both subsidiaries consolidated in the group's accounts and a proportionate share of associated companies and joint ventures.
The executive said it remained confident in the numbers as profitability will continue to increase, highlighting that AI would play a key role in the company's growth.
The Amsterdam-listed company's operations span e-commerce, classifieds, payments and fintech across Europe, Latin America and parts of Asia thanks to investments in other companies. The group commanded a 23.5% stake in Chinese tech giant Tencent at the end of March, according to its annual report.
Prosus also outlined plans to reduce costs by 10%.
Write to Najat Kantouar at najat.kantouar@wsj.com
(END) Dow Jones Newswires
06-25-25 0621ET
