Core Insights - Prosus N.V. is experiencing significant growth and profitability, with a 70% increase in ecommerce adjusted EBITDA, reaching US$530 million, and a 22% rise in ecommerce revenue to US$3.6 billion [6][10][18] - The company is on track to achieve over US$1.1 billion in adjusted EBITDA for the full year, excluding recent acquisitions [1][4] - Prosus is focusing on building an AI-first organization, with over 20,000 AI agents enhancing operational efficiency and decision-making [2][4] Ecosystem Strategy - Prosus is successfully executing its ecosystem strategy across Latin America, Europe, and India, with all operated businesses now profitable [1][3] - In Latin America, iFood is driving revenue growth for the online travel business Despegar, while strategic acquisitions are strengthening the company's position in India [3][5] - Recent investments in Just Eat Takeaway.com and La Centrale are expected to enhance consumer experiences and drive growth in Europe [3][7] Financial Performance - The company reported a US$399 million improvement in free cash flow, totaling US$1.3 billion [6] - Prosus has completed US$1.2 billion in asset sales to date in FY26, contributing to a strong balance sheet [6] - The buyback program has created US$63 billion in value through narrowing the discount [6] Regional Highlights - In Latin America, core food delivery revenue grew by 32%, with aEBITDA increasing by 57% to US$184 million [10] - In Europe, the acquisition of JET and La Centrale is aimed at replicating the success seen in Latin America, with a focus on AI-powered consumer experiences [7][10] - The Indian ecosystem is evolving through better execution and acquisitions, with PayU enhancing connectivity across various platforms [9][10] Future Outlook - The company aims to sustain peer-leading growth while expanding profitability and free cash flow [4][10] - Prosus is committed to strategic capital deployment through business investments, share repurchases, and opportunities that enhance its ecosystem [4][10]