Prosus Reports All Ecosystems Now Profitable in Landmark Achievement

In a significant shift from its past reliance on Tencent, Prosus announced that all of its operating ecosystems have reached profitability. This milestone represents the culmination of years of investment and restructuring efforts by the Amsterdam-listed internet giant.

The company reported $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 19%-28%, while total headline earnings are forecast to rise by 6.7%-15.7%.

From Investment Holding to Digital Platform Operator

For much of the past decade, investors have questioned whether Prosus’s diverse portfolio could generate sufficient value beyond its substantial investment in Tencent. While the Chinese tech giant consistently delivered strong returns, many of Prosus’s businesses prioritized growth over profitability.

“This is probably the first time that all of the ecosystem assets are cash-flow positive and generating a profit,” noted Rowan Williams, chief investment officer at Nitrogen Fund Managers. “That should help Prosus become increasingly independent and less reliant on Tencent’s cash flows.”

The company’s directors highlighted this transformation in their statement: “We have completed our transition from a traditional holding company into an active operator of AI-driven lifestyle ecosystems across Latin America, Europe, and India.”

Diversified Portfolio Delivering Returns

Prosus’s ecosystem includes iFood (Brazil), PayU (payments), various e-commerce ventures, and investments in fintech and online marketplaces. The company recently announced plans to increase investment in iFood, demonstrating its commitment to these operating businesses.

While Tencent remains an important part of Prosus’s financial performance - with earnings growth partly driven by equity contributions from the Chinese firm - the results clearly indicate a maturing business model where multiple components contribute to overall success.