Tencent Top Shareholder Prosus Posts Higher Revenue on Strong Growth

By Najat Kantouar

Prosus, Tencent Holdings' largest shareholder, reported a rise in revenue for its fiscal year, boosted by accelerated growth and improved profitability in its e-commerce businesses and AI-driven investments.

Amsterdam-listed technology investor Prosus--which owns a 24% stake in Chinese tech company Tencent, according to LSEG Refinitiv--said Monday that revenue for the year ended March 31 was $6.2 billion. This compares with $5.5 billion the previous year and slightly missed market consensus of $6.385 billion, taken from FactSet.

Meanwhile, revenue at its South African parent company Naspers rose to $7.18 billion from $6.43 billion, ahead of market consensus of $7.14 billion.

Adjusted earnings before interest and taxes was $179 million from a loss of $118 million for Prosus, while Naspers's was $130 million compared with a loss of $154 million.

Prosus's core headline earnings jumped 47% to $7.4 billion, driven by continued momentum in key segments.

The technology investor--which is in the process of buying Just Eat Takeaway.com--declared a dividend of 20 European cents (23 U.S. cents), reflecting its strong financial position.

Prosus announced its plan to buy food-delivery company Just Eat in February for $4.29 billion, using the war chest it built by selling part of its Tencent stake to bulk up its food-delivery arm.

The deal is set to create the world's fourth-largest player in food delivery by gross transaction value--a closely watched industry metric--after China's Meituan and U.S. companies DoorDash and Uber Technologies' UberEats.

Write to Najat Kantouar at [e-mail]

(END) Dow Jones Newswires

06-23-25 0240ET