Prosus N.V.

PRX

Equity

ISIN NL0013654783 / Valor 49729630

Euronext - Euronext Amsterdam (2024-09-18)

EUR 32.52-0.57%

Prosus N.V.
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About company

Prosus N.V. is a global consumer internet group and a major player in the technology investment and operation sector. The company's primary focus lies within its global e-commerce portfolio, with key segments including Classifieds, Food Delivery, Payments & Fintech, and Edtech. Additionally, through its Prosus Ventures team, the company seeks out new opportunities for growth by investing in early-stage technology companies.

Summarized from source with an LLMView SourceSector: Technology

Revenue Growth

Prosus N.V. reported a significant increase in revenue for the first quarter of 2023. The company saw a 20% year-over-year growth, driven primarily by strong performance in its ecommerce and fintech segments. This growth underscores the company's strategic focus on expanding its digital services and platforms.

Net Income

In the first quarter of 2023, Prosus N.V. achieved a net income of $1.2 billion, marking a substantial improvement from the previous quarter. This increase in net income was attributed to higher operational efficiencies and cost management strategies implemented across various business units.

Earnings Per Share

Prosus N.V. reported earnings per share (EPS) of $0.85 for the first quarter of 2023. This represents a 15% increase compared to the same period last year. The rise in EPS reflects the company's successful efforts in enhancing shareholder value through profitable growth and strategic investments.

Dividends

For the first quarter of 2023, Prosus N.V. declared a dividend of $0.25 per share. This decision aligns with the company's commitment to returning value to its shareholders while maintaining a strong balance sheet to support future growth initiatives.

Outlook

Prosus N.V. has provided an optimistic outlook for the remainder of 2023, expecting continued revenue growth and profitability. The company plans to further invest in its core segments, including ecommerce, fintech, and edtech, to capitalize on emerging market opportunities and drive long-term sustainable growth.

Summarized from source with an LLMView Source

Key figures

12.3%1Y

2.86%3Y

4.71%5Y

Performance

29.9%1Y

43.6%3Y

41.3%5Y

Volatility