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     Bloomberg on MSN.com

     Prosus Posts First E-Commerce Profit as New CEO Set to Join

     Internet investing giant Prosus NV and its parent Naspers Ltd. swung their e-commerce business into profit for the first time ever as new Chief Executive Officer Fabricio Bloisi prepares to take the reins in July.

     1 day ago

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     biznews.com

     Prosus delivers e-commerce profitability, 19% revenue growth and $773m free cash flow improvement

     21 hours ago

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     MyBroadband

     Prosus’ R21 billion Stack Overflow disaster

     16 hours ago

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     Mint

     Prosus gives up on Byju’s, writes off its entire investment in the online tutor

     21 hours ago

   • Moneyweb

     PROSUS NV – Update on Repurchase Programme

     Prosus today announces an update to the open-ended, repurchase programme in respect of the ordinary shares N in the capital of Prosus (‘Prosus Shares’) and N ordinary shares in the share capital of Naspers (‘Naspers Shares’),

     1 hour ago

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2. www.prosus.com › news-insights › group-updatesProsus delivers Ecommerce profitability, 19% revenue growth ...

   www.prosus.com › news-insights › group-updates

   • Cached

   1 day ago · Prosus simplified its Group structure, delivered improvements across all core performance metrics and achieved Ecommerce profitability six months ahead of target. Operating businesses have performed well, accelerating profitable growth, while the open-ended buyback programme continues to deliver value for our shareholders every day.

3. finance.yahoo.com › news › prosus-delivers-us-773mProsus delivers US$773m free cash flow improvement, 19% ...

   finance.yahoo.com › news › prosus-delivers-us-773m

   • Cached

   1 day ago · AMSTERDAM, June 24, 2024--(BUSINESS WIRE)--Prosus N.V. (Prosus) (AEX and JSE: PRX): It has been a standout year for the Group. Prosus simplified its Group structure, delivered improvements across ...

4. www.ft.com › content › fb3cab0e-c5c3-4df9-a39c-7ba5dProsus is earning its billing as the other SoftBank

   www.ft.com › content › fb3cab0e-c5c3-4df9-a39c-7ba5d

   • Cached

   1 day ago · Prosus’ core headline earnings rose 84 per cent to $5bn in the year to March. But more impressive was that its ecommerce business, which excludes the stake in Tencent, reported a full-year ...

5. www.reuters.com › technology › prosus-full-year-coreProsus full-year core headline earnings jump 84% | Reuters

   www.reuters.com › technology › prosus-full-year-core

   1 day ago · Dutch technology investor Prosus core headline earnings jumped 84% in the year to March 31, helped by a strong performance in e-commerce operations, it said on Monday.

6. www.bloomberg.com › news › articlesProsus Swings Its E-Commerce Business Into First-Ever Profit

   www.bloomberg.com › news › articles

   • Cached

   1 day ago · 1:34. Prosus NV and its parent Naspers Ltd. swung their e-commerce business into profit for the first time ever as new Chief Executive Officer Fabricio Bloisi prepares to take the reins in July ...

7. www.cnbc.com › 2024/06/24 › prosus-full-year-coreProsus full-year core headline earnings jump 84% - CNBC

   www.cnbc.com › 2024/06/24 › prosus-full-year-core

   • Cached

   1 day ago · Dutch technology investor Prosus core headline earnings jumped 84% in the year to March 31, helped by a strong performance in e-commerce operations, it said on Monday.

8. techcrunch.com › 2024/06/24 › prosus-zeroes-out-9-6Prosus writes off $22 billion Indian edtech giant Byju's to ...

   techcrunch.com › 2024/06/24 › prosus-zeroes-out-9-6

   • Cached

   1 day ago · Prosus, one of Byju’s largest investors, on Monday said its once-$2.1 billion worth stake in the Indian edtech startup is now worth nothing, but it is still hopeful that the formerly most ...

9. People also ask

   Who owns Prosus?

   • Prosus is controlled by Naspers, South Africa’s answer to Japanese tech investor SoftBank. Like SoftBank’s success with its early investment in Alibaba, Naspers has also built its reputation as a strong stockpicker after taking a stake in Tencent as early as 2001 for just $32mn.

   Prosus is earning its billing as the other SoftBank

   www.ft.com/content/fb3cab0e-c5c3-4df9-a39c-7ba5d9e17426

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   Who is Prosus?

   • Prosus is a global consumer internet group and one of the largest technology investors in the world. Operating and investing globally in markets with long-term growth potential, Prosus builds leading consumer internet companies that empower people and enrich communities.

   Prosus delivers US$773m free cash flow improvement, 19% revenue gro…

   finance.yahoo.com/news/prosus-delivers-us-773m-free-055500443.html

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   Is Prosus a good company?

   • Prosus has a strong balance sheet and is well positioned to generate improved returns through smart and disciplined capital allocation, driving value for all stakeholders. On 17 May 2024, the Board announced the appointment of Fabricio Bloisi, former iFood CEO, as Prosus and Naspers Group CEO, effective from 1 July 2024.

   Prosus delivers US$773m free cash flow improvement, 19% revenue gro…

   finance.yahoo.com/news/prosus-delivers-us-773m-free-055500443.html

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   Does Prosus own BYJU's?

   • The largest external investor in Byju’s with a 9.6% stake, Prosus said in its quarterly report that its stake in the startup is now worth zero “due to the significant decrease in value for equity investors.”

   Prosus zeroes out its 9.6% stake in Byju’s

   techcrunch.com/2024/06/24/prosus-zeroes-out-9-6-byjus-stake/

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   Does Prosus still have a discount?

   • Since then, while a discount remains, Prosus has been narrowing the gap through an open-ended share buyback programme. It has sold down its stake in Tencent to 25 per cent from 26.2 per cent to fund the share repurchases. Its portfolio is also growing.

   Prosus is earning its billing as the other SoftBank

   www.ft.com/content/fb3cab0e-c5c3-4df9-a39c-7ba5d9e17426

   See all results for this question