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29.07.25 - 12:00
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Prosus Reduces Stake in TENCENT Again, Cashing Out $222M (AAStocks)
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Prosus, a subsidiary of Naspers, the South African major shareholder of TENCENT (00700.HK), reduced stake by another 405,200 TENCENT shares last Friday (25th) at an average price of $549.9294 per share, acording to the Hong Kong Stock Exchange's shareholding disclosures. Hence, Prosus' shareholding decreased from 23% to ......
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23.06.25 - 07:51
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Prosus Accelerates Growth and Profitability, with 12X Improvement in Ecommerce Adjusted EBIT and 100% Increase in Dividend (Business Wire)
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AMSTERDAM & JOHANNESBURG--(BUSINESS WIRE)--Prosus N.V. (Prosus) (AEX and JSE: PRX) delivered a strong performance during a transformative year. We have exceeded our profitability targets, as we build the leading lifestyle ecommerce company in Latin America, Europe and India, driven by AI and innovation.
Ecommerce revenue growth of 21%, to US$6.2bn.
Adjusted EBIT increased twelve times to US$443m, ahead of guidance.
iFood aEBIT grew 178%, OLX aEBIT up 61% and eMAG achieved profitability.
Free cash flow positive for the first time, excluding Tencent.
100% increase in dividend to €0.20.
US$7.8bn1 invested to strengthen our regional ecosystems and expand portfolio of AI-native startups.
Buybacks2 returned over US$50bn, driving 15% NAV per share accretion.
Fabricio Bloisi, Prosus CEO, Prosus and Naspers said: “Prosus is rapidly transforming into an operating technology company, focused on lifestyle ecommerce, and powered by innovation and collaboration. This past year, we announced two significant deals to...
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23.06.25 - 07:51
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Naspers Accelerates Growth and Profitability, With 18X Improvement in Ecommerce Adjusted EBIT (Business Wire)
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CAPE TOWN, South Africa--(BUSINESS WIRE)--Naspers Limited (Naspers) (JSE: NPN) delivered a strong performance during a transformative year, as we build the leading lifestyle ecommerce company in Latin America, Europe and India, driven by AI and innovation.
Ecommerce revenue growth of 21%, to US$7.0bn.
Adjusted EBIT increased 18 times to US$430m.
iFood aEBIT grew 178%, OLX aEBIT up 61% and eMAG achieved profitability.
Free cash flow improved by US$263m, excluding Tencent.
US$7.8bn1 invested to strengthen our regional ecosystems and expand our portfolio of AI-native startups.
Buybacks returned over US$50bn2, driving 15% NAV per share accretion.
Fabricio Bloisi, Group CEO, Prosus and Naspers said: “Naspers is rapidly transforming into an operating technology company, focused on lifestyle ecommerce, and powered by innovation and collaboration. This past year, we announced two significant deals to strengthen our regional ecosystems. We completed the acquisition of Despegar in May 2025 and are already integra...
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28.05.25 - 03:30
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TENCENT Splashes RMB1.2B+ to Acquire 9.38% Stake in SM Entertainment: Report (AAStocks)
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South Korean regulatory documents revealed that TENCENT (00700.HK) has acquired all SM Entertainment shares held by HYBE, the management company of the South Korean supergroup BTS, for KRW243.3 billion (around RMB1.277 billion), according to various foreign media reports.HYBE announced that the sale involved a total of 2.212237 ......
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