Full Year 2026 Prosus NV Earnings Call Transcript
Key Points
- Prosus NV (PROSY) reported a significant revenue growth to $9.7 billion and an EBITDA of $1.3 billion, showcasing strong financial performance.
- The company achieved a remarkable increase in free cash flow by $2 billion over the last three years, indicating improved financial health.
- Prosus NV (PROSY) successfully disposed of $2 billion in assets, increased dividends by 100%, and completed a $46 billion buyback, demonstrating disciplined capital management.
- Key businesses such as OLX and iFood are driving revenue growth, with OLX achieving 48% profitability, one of the best in its segment.
- The company is leveraging its ecosystem to enhance growth, with Despegar and La Centrale benefiting significantly from integration into Prosus NV (PROSY)'s ecosystem.
- Despite improvements, some businesses like PayU are only beginning to show profitability, with a modest 2% profitability rate.
- Just Eat had been experiencing negative growth of minus 7% over the past four years before recent improvements, indicating past challenges.
- The company is heavily reliant on its ecosystem strategy, which may pose risks if integration efforts do not yield expected results.
- Prosus NV (PROSY) is investing heavily in AI and innovation, which could be costly and may not guarantee immediate returns.
- The company’s growth strategy involves significant acquisitions and divestments, which could lead to potential integration challenges and financial risks.
Hello, partners. How are you? I'm Fabricio. I'm the CEO of Prosus. I'm here today to share with you the results of our fiscal year 2026. I'm going to share with you a little about our results, about our ecosystem, our innovation. And I hope you get so excited as I am about what we are doing here in Prosus.
So to start, Prosus is focused now. We are doing delivery, we are doing finance, we are doing experience. We are focusing in Latin America, in Europe and India. And we have a strong ecosystem with 5 million partners and 1 billion customers. And we are really using these assets to build a company that is running better every month.
Our initial results for last year are exciting. We grew to $9.7 billion in revenue, $1.3 billion in EBITDA. Our free cash flow increased by $2 billion in the last three years, from minus $0.6 billion to $1.5 billion. I'm very excited about these results. And I'm sure it's going to keep growing and delivering over the next few years.
As I told you, we are delivering results, we are
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