Tencent Shareholder Prosus Hits Targets, Plans to Accelerate Investments in iFood
By Nina Kienle
Technology investor Prosus said it would accelerate investments in iFood after hitting its targets for fiscal 2026.
The Amsterdam-listed company said it hit targets of more than $7.3 billion in revenue and more than $1.1 billion in adjusted earnings before interest, taxes, depreciation, and amortization in ecommerce for the year ended March 31.
All businesses are now profitable, Chief Executive Fabricio Bloisi said in a letter to partners on Tuesday.
Food ordering and delivery platform iFood delivered its full-year targets in a highly competitive market and will see an acceleration in investments to build out and expand products, Bloisi said. The investment will reduce adjusted Ebitda in fiscal 2027 to range between $100 million to $150 million, he added.
Bloisi expects Just Eat Takeaway to return to orders and revenue growth by the end of the year, after four years of decline. More than $3.6 billion in revenue and more than $100 million in adjusted Ebitda is targeted, setting a new baseline, he said.
Looking forward, Prosus will increase investment to compete more aggressively, and accelerate product deployment, Bloisi said.
The group continues to repurchase shares at an around $5 billion annual run rate, he said.
Full-year results are expected to be published in June.
Write to Nina Kienle at nina.kienle@wsj.com
(END) Dow Jones Newswires
May 12, 2026 03:06 ET (07:06 GMT)
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