Exceeded Revenue Target
Prosus reported revenue of $443 million, surpassing the initial target of $400 million.
Significant Dividend Increase
The company announced a 100% increase in dividends, signaling strong financial health.
Strong Growth in iFood
The iFood business achieved an adjusted EBIT margin of 28%, following a 50% revenue growth.
OLX Profit Surge
OLX's profits grew by 61% on the back of an 18% increase in top-line revenue.
Cash Position and M&A Firepower
The company maintains a significant cash reserve of $11 billion post-commitments, indicating strong M&A potential.
Positive Free Cash Flow
Prosus reported positive free cash flow, highlighting improvements in cash generation and operational efficiency.
Focus on AI and Innovation
Strategic emphasis on AI and innovation to drive future growth, with plans for proprietary technology and improved customer insights.