Apple can’t afford to sit out GenAI race, says Needham
AMSTERDAM - Prosus (OTC:PROSF) N.V. (AEX:PRX) expects significant growth in its financial results for the year ended March 31, 2025, with earnings per share projected to increase between 90.9% and 100% for continuing operations, the company announced in a trading statement.
The Amsterdam-based technology investor, which is majority-owned by South Africa’s Naspers, attributed the strong performance to "accelerated growth and improved profitability" from its consolidated ecommerce businesses and equity-accounted investments, particularly Chinese internet giant Tencent (HK:0700).
Core headline earnings per share for continuing operations are expected to rise between 53.9% and 63.2%, while headline earnings per share are projected to increase between 90.9% and 100%.
The company said its ecommerce segment exceeded profitability targets, contributing positively alongside Tencent to the group’s financial performance. Lower impairment charges on equity-accounted investments also boosted the results.
For total operations, Prosus forecasts earnings per share to increase between 98.4% and 107.8%, with headline earnings per share rising between 98.4% and 107.9%.
The company plans to focus on "building lifestyle ecommerce ecosystems in Latin America, India and Europe" and leveraging AI-driven technology, according to the statement.
Prosus will publish its complete financial statements on June 23, 2025. The company noted that the financial information in the trading statement has not been independently audited or reviewed.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.