Prosus Achieves Record Growth Doubles AI Agents with JET Deal
Prosus reports 54% aEBITDA growth and 15% revenue increase in Q1 while advancing AI and JET acquisition.
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Financial Highlights:
- 54% year-on-year growth in aEBITDA
- 15% increase in revenue
- $780 million realized from asset sales in four months
- Tencent (Prosus's major stake) reported 15% revenue growth, 22% gross profit growth, and 18% operating profit growth
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Strategic Moves:
- Just Eat Takeaway (JET) acquisition approved ahead of schedule
- Projected H2 FY2026 revenue: $9.4–$9.6 billion
- Projected aEBITDA: $1.3–$1.4 billion
- Tender offer for JET to close on October 1st
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Market Performance:
- Share price reached all-time high of €53
- 7 percentage point reduction in discount to Net Asset Value (NAV)
- $13 billion in value created over past 12 months
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AI and Innovation:
- Launched AI House Amsterdam
- Published two AI reports
- AI agents working with employees doubled in July
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Future Goals:
- Target to double revenue and triple EBITDA by 2028
- Remain "Tencent Plus"—growing Lifestyle Ecommerce Ecosystems while benefiting from Tencent's strength
- Achieved Free Cash Flow positive status (excluding Tencent) by end of FY2025
For more on Prosus, visit their official website.
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About the Author
Dr. Emily Wang
AI Product Strategy Expert
Former Google AI Product Manager with 10 years of experience in AI product development and strategy formulation. Led multiple successful AI products from 0 to 1 development process, now provides product strategy consulting for AI startups while writing AI product analysis articles for various tech media outlets.