Prosus has reached a major milestone after years of investing heavily in e-commerce businesses, announcing that all of its operating ecosystems are now profitable for the first time.
The technology investor, best known for its large stake in Chinese tech giant Tencent, reported strong financial results for the year ended March 31, 2026, signalling that its long-term investments in food delivery, online marketplaces, fintech, and e-commerce are finally paying off.
For years, investors viewed Prosus largely through the value of its Tencent holding, while many of its own businesses continued to post losses. With every operating ecosystem now in the black, the company is seeking to demonstrate that its businesses can generate sustainable profits independently.
Prosus reported revenue of $9.7 billion, a 57% increase from $6.2 billion a year earlier. Ecosystem adjusted EBITDA rose 84% to $1.3 billion, while group EBITDA more than doubled to $1.05 billion. Free cash flow also increased to $1.5 billion from $1 billion, and core headline earnings climbed 13% to $8.3 billion.
In a statement, the company described the financial year as a landmark moment.
“The financial year ended March 2026 marked a milestone for Prosus. We delivered on our ambitious targets, generating over $9.7 billion in revenue and $1.3 billion in ecosystem adjusted EBITDA,” the company said.
“Every one of our ecosystems is now profitable, and our free cash flow, excluding Tencent, continues to grow.”
Much of the growth came from Prosus’ food delivery and online marketplace businesses. Brazilian food delivery platform iFood remained one of the group’s strongest performers, delivering solid growth despite tougher competition in the second half of the year.
Online marketplace platform OLX also contributed significantly, supporting revenue growth and improved profitability across the company’s European operations.
The group’s recent acquisitions added further momentum. Prosus completed the purchase of Latin American online travel company Despegar in May 2025 and also acquired Dutch food delivery company Just Eat Takeaway.com (JET).
According to the company, Despegar has already performed better than expected.
“Our Latin American operations delivered robust results. Despegar exceeded expectations and demonstrated accelerated growth, while iFood maintained its strong operational performance in a highly competitive market,” Prosus said.
The company believes JET presents a major long-term growth opportunity, although it expects additional investment and operational improvements will be needed over the next 12 to 18 months.
Despite the strong earnings growth, Prosus recorded an operating loss of $173 million, compared with an operating profit of the same amount a year earlier. The company attributed the decline to acquisition-related costs and continued investments aimed at expanding its platforms.
Even so, the results reinforce CEO Fabricio Bloisi’s strategy to transform Prosus from an investment holding company into an operator of technology-driven businesses.
While Tencent remains a key contributor to the group’s earnings, Prosus says it wants investors to increasingly focus on the strength and profitability of its own businesses.
“We have completed our transformation from a traditional holding company into an active operator of AI-driven lifestyle ecosystems across Latin America, Europe and India,” the company said.