For years, investors have judged Prosus by a single yardstick: Tencent.
The Amsterdam-listed internet giant, majority-owned by South African consumer internet group Naspers, built much of its market value on an early investment in the Chinese technology company. While Prosus assembled a portfolio spanning food delivery, payments, classifieds, and e-commerce across emerging markets, Tencent remained the business that mattered most.
Now Prosus says that equation is beginning to change.
In a trading statement released on Friday ahead of its annual results, the company said all of its operating ecosystems had reached profitability, marking a milestone in its effort to build businesses capable of generating earnings beyond Tencent.
Prosus generated $7.3 billion in revenue and $1.1 billion in ecosystem adjusted Earnings Before Interest, Taxes, Depreciation, and Amortisation (EBITDA) for the year ended March 31, 2026. Core headline earnings per share are expected to increase by between 19% and 28%, while headline earnings are forecast to rise by between 6.7% and 15.7%.
