Prosus Doubles AI Agents, Accelerates Expansion with JET Deal
In the first quarter, Prosus met its targets with a 54% year-on-year growth in aEBITDA and a 15% increase in revenue.
Prosus ‘s CEO, Fabricio Bloisi, has provided an update on the company’s performance and strategy following its Annual General Meeting (AGM) on August 20, 2025.
In the first quarter, Prosus met its targets with a 54% year-on-year growth in aEBITDA and a 15% increase in revenue. The company also realized $780 million from asset sales in the last four months, demonstrating a commitment to disciplined capital allocation. Furthermore, Tencent, in which Prosus holds a significant stake, reported impressive second-quarter results, with revenue growing at 15%, gross profit at 22%, and operating profit by 18%.
The company is moving forward with its acquisition of Just Eat Takeaway (JET), which was approved ahead of market expectations. With the addition of JET, Prosus projects its H2 FY2026 revenue to reach between $9.4 billion and $9.6 billion and aEBITDA to reach $1.3 billion to $1.4 billion. The tender offer for JET is scheduled to close on October 1st.
Prosus’s strategy has resulted in its share price reaching an all-time high of €53 and a 7 percentage point reduction in the discount to its Net Asset Value over the past 12 months, creating $13 billion in value. The company has also been focusing on AI and innovation, having launched the AI House Amsterdam and published two reports on the topic. The number of AI agents working with Prosus employees doubled in July, indicating the company is experiencing the benefits of AI firsthand.
Bloisi reiterated the company’s commitment to doubling revenue and tripling EBITDA by 2028 and to remaining “Tencent Plus,” meaning it will continue to grow its regional Lifestyle Ecommerce Ecosystems while benefiting from Tencent’s performance. The company became Free Cash Flow positive at the end of FY2025, excluding Tencent.
