Prosus' Profit Surge: 99% Jump in Earnings

Prosus, a Dutch technology investor, has achieved a remarkable 99% surge in adjusted core profit, driven by robust digital services and e-commerce businesses. Their adjusted EBITDA soared to $423 million in the first half of the year, a significant leap from $213 million last year. Revenue also rose by 22% to $3.6 billion, with iFood and OLX platforms contributing substantially. Prosus is now transitioning from a passive investor to an active operator, aiming to boost growth and profitability across their diverse holdings.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.