Latest news with #Despegar
Yahoo
24-06-2025
- Business
- Yahoo
Prosus NV (PROSY) (FY 2025) Earnings Call Highlights: E-commerce Surge and Strategic Growth ...
E-commerce Revenue Growth: 21% increase, moving 2 times faster than peers. E-commerce Adjusted EBIT: $443 million, contributing to positive adjusted EBIT for the group. Free Cash Flow Improvement: $513 million increase. Core Headline Earnings Per Share Growth: 59% increase. Dividend Increase: 100% increase. Warning! GuruFocus has detected 7 Warning Signs with PROSY. Release Date: June 23, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Prosus NV (PROSY) reported a 21% growth in e-commerce revenue, moving twice as fast as its peers. The company achieved $443 million in e-commerce adjusted EBIT, contributing to a positive adjusted EBIT for the group. Free cash flow improved by $513 million, indicating strong financial health. Core headline earnings per share grew by 59%, and the dividend was increased by 100%, showcasing strong shareholder returns. Prosus NV (PROSY) is leveraging AI and innovation to redefine e-commerce, with a focus on building regional lifestyle e-commerce ecosystems. Despite positive results, the CEO considers the current numbers small and expects significant growth, indicating potential pressure to meet high expectations. The company faces competition from Meituan in Brazil, which could impact its market share and profitability. There are concerns about the integration of acquisitions like Despegar and the cultural transformation within the company, which could take time. The focus on AI and innovation requires significant investment, which may not yield immediate returns. The regulatory environment in Europe poses challenges, although recent interactions have been faster than expected. Q: What opportunities do you see for driving profitability through efficiencies? A: Nico Marais, Chief Financial Officer, highlighted that Prosus has achieved significant growth, with a 21% increase in revenue, translating into strong operating leverage. He cited examples such as iFood's 28% adjusted EBIT margin and OLX's 61% profit growth. Marais emphasized the potential for further margin improvements and operating leverage across their businesses. Q: What defines success for Prosus in the next three years? A: Fabricio Bloisi, Chief Executive Officer, outlined that success involves becoming the leading lifestyle e-commerce brand in Latin America, Europe, and India. He emphasized leveraging existing businesses like iFood and OLX, integrating investments in India, and expanding in Europe. Bloisi expressed confidence in building a strong ecosystem and achieving significant growth. Q: How is Prosus addressing cultural change within the company? A: Bloisi emphasized the importance of cultural transformation, focusing on speed, open communication, and innovation. He noted that the company is moving faster and more aggressively, with 30,000 employees aligned towards common goals. Bloisi highlighted the impact of this cultural shift on improving results and fostering entrepreneurship. Q: What is the role of AI in Prosus's ecosystem? A: Bloisi explained that AI is crucial for predicting customer behavior and integrating data across businesses. Prosus is using AI models to enhance customer insights and drive competitive advantages. He mentioned that the company is at the forefront of innovation, leveraging AI to create synergies and improve customer experiences. Q: How does Prosus plan to utilize the cash from Tencent dividends? A: Nico Marais stated that while the Tencent dividend has been a significant cash flow source, Prosus aims to generate more profits and cash flow from its e-commerce businesses. The company has doubled its dividend and plans to share more with shareholders as it becomes less dependent on Tencent, focusing on building ecosystems in Latin America, Europe, and India. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
24-06-2025
- Business
- Yahoo
Naspers Ltd (NAPRF) (FY 2025) Earnings Call Highlights: Robust Growth and Strategic Shifts
E-commerce Revenue Growth: 21% increase. E-commerce Adjusted EBIT: $443 million. Free Cash Flow Improvement: $513 million. Core Headline Earnings Per Share Growth: 59% increase. Dividend Increase: 100% increase. Release Date: June 23, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Naspers Ltd (NAPRF) reported a 21% growth in e-commerce revenue, moving twice as fast as its peers. The company achieved $443 million in e-commerce adjusted EBIT, contributing to a positive adjusted EBIT for the group. There was a $513 million improvement in free cash flow, indicating strong financial health. Core headline earnings per share grew by 59%, showcasing robust profitability. The company announced a 100% increase in its dividend, reflecting confidence in future earnings and shareholder value. Despite the positive results, the company acknowledges that current numbers are still small and expects significant growth in the future. There is a focus on reducing corporate costs, with a target to reduce them by ten times, indicating current inefficiencies. The company faces competition in various markets, including potential challenges from Meituan's international expansion. Integration of acquisitions like Despegar poses challenges, requiring careful management to realize synergies. Cultural transformation within the company is ongoing, which can be a lengthy and complex process, especially with a global workforce. Warning! GuruFocus has detected 8 Warning Signs with NAPRF. Q: What opportunities do you see for driving profitability through efficiencies? A: Nico Marais, CFO, highlighted that Naspers has achieved significant operating leverage, with examples like iFood's 28% adjusted EBIT margin and OLX's 61% profit growth. The company has also managed corporate costs effectively, reducing them by 1% over the last year. Looking forward, there are opportunities to further improve margins and leverage efficiencies across the business. Q: What defines success for Naspers in the next three years, particularly in Latin America, India, and Europe? A: Fabricio Bloisi Rocha, CEO, emphasized the goal of becoming a leading lifestyle e-commerce brand in these regions. In Latin America, the aim is to reach the scale of Mercado Libre. In India, the focus is on integrating investments to create a large tech ecosystem. In Europe, the strategy is to build a strong ecosystem with a wide customer base across the continent. Q: How does Naspers plan to use the cash inflow from Tencent dividends? A: Nico Marais, CFO, explained that while the company has historically relied on Tencent dividends, the goal is to generate significant cash flows from its own ecosystems in Latin America, Europe, and India. The company has doubled its dividend at the process level and aims to share more profits with shareholders as it becomes less dependent on Tencent. Q: What are the biggest changes you've made to the organization since becoming CEO? A: Fabricio Bloisi Rocha, CEO, highlighted three major changes: a cultural shift towards faster communication and entrepreneurship, a focus on innovation with AI, and building an integrated ecosystem. These changes have led to improved results and a more aggressive company culture aimed at achieving significant growth. Q: How does Naspers view the role of AI in its ecosystem, and what are the tangible benefits? A: Fabricio Bloisi Rocha, CEO, stated that AI is being used to predict customer behavior and integrate data across different businesses. This approach allows for better demand prediction and creates a competitive advantage. The company is confident that its AI initiatives will drive significant growth and innovation. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
24-06-2025
- Business
- Yahoo
Naspers Ltd (NAPRF) (FY 2025) Earnings Call Highlights: Robust Growth and Strategic Shifts
E-commerce Revenue Growth: 21% increase. E-commerce Adjusted EBIT: $443 million. Free Cash Flow Improvement: $513 million. Core Headline Earnings Per Share Growth: 59% increase. Dividend Increase: 100% increase. Release Date: June 23, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Naspers Ltd (NAPRF) reported a 21% growth in e-commerce revenue, moving twice as fast as its peers. The company achieved $443 million in e-commerce adjusted EBIT, contributing to a positive adjusted EBIT for the group. There was a $513 million improvement in free cash flow, indicating strong financial health. Core headline earnings per share grew by 59%, showcasing robust profitability. The company announced a 100% increase in its dividend, reflecting confidence in future earnings and shareholder value. Despite the positive results, the company acknowledges that current numbers are still small and expects significant growth in the future. There is a focus on reducing corporate costs, with a target to reduce them by ten times, indicating current inefficiencies. The company faces competition in various markets, including potential challenges from Meituan's international expansion. Integration of acquisitions like Despegar poses challenges, requiring careful management to realize synergies. Cultural transformation within the company is ongoing, which can be a lengthy and complex process, especially with a global workforce. Warning! GuruFocus has detected 8 Warning Signs with NAPRF. Q: What opportunities do you see for driving profitability through efficiencies? A: Nico Marais, CFO, highlighted that Naspers has achieved significant operating leverage, with examples like iFood's 28% adjusted EBIT margin and OLX's 61% profit growth. The company has also managed corporate costs effectively, reducing them by 1% over the last year. Looking forward, there are opportunities to further improve margins and leverage efficiencies across the business. Q: What defines success for Naspers in the next three years, particularly in Latin America, India, and Europe? A: Fabricio Bloisi Rocha, CEO, emphasized the goal of becoming a leading lifestyle e-commerce brand in these regions. In Latin America, the aim is to reach the scale of Mercado Libre. In India, the focus is on integrating investments to create a large tech ecosystem. In Europe, the strategy is to build a strong ecosystem with a wide customer base across the continent. Q: How does Naspers plan to use the cash inflow from Tencent dividends? A: Nico Marais, CFO, explained that while the company has historically relied on Tencent dividends, the goal is to generate significant cash flows from its own ecosystems in Latin America, Europe, and India. The company has doubled its dividend at the process level and aims to share more profits with shareholders as it becomes less dependent on Tencent. Q: What are the biggest changes you've made to the organization since becoming CEO? A: Fabricio Bloisi Rocha, CEO, highlighted three major changes: a cultural shift towards faster communication and entrepreneurship, a focus on innovation with AI, and building an integrated ecosystem. These changes have led to improved results and a more aggressive company culture aimed at achieving significant growth. Q: How does Naspers view the role of AI in its ecosystem, and what are the tangible benefits? A: Fabricio Bloisi Rocha, CEO, stated that AI is being used to predict customer behavior and integrate data across different businesses. This approach allows for better demand prediction and creates a competitive advantage. The company is confident that its AI initiatives will drive significant growth and innovation. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
24-06-2025
- Business
- Yahoo
Prosus NV (PROSY) (FY 2025) Earnings Call Highlights: E-commerce Surge and Strategic Growth ...
E-commerce Revenue Growth: 21% increase, moving 2 times faster than peers. E-commerce Adjusted EBIT: $443 million, contributing to positive adjusted EBIT for the group. Free Cash Flow Improvement: $513 million increase. Core Headline Earnings Per Share Growth: 59% increase. Dividend Increase: 100% increase. Warning! GuruFocus has detected 7 Warning Signs with PROSY. Release Date: June 23, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Prosus NV (PROSY) reported a 21% growth in e-commerce revenue, moving twice as fast as its peers. The company achieved $443 million in e-commerce adjusted EBIT, contributing to a positive adjusted EBIT for the group. Free cash flow improved by $513 million, indicating strong financial health. Core headline earnings per share grew by 59%, and the dividend was increased by 100%, showcasing strong shareholder returns. Prosus NV (PROSY) is leveraging AI and innovation to redefine e-commerce, with a focus on building regional lifestyle e-commerce ecosystems. Despite positive results, the CEO considers the current numbers small and expects significant growth, indicating potential pressure to meet high expectations. The company faces competition from Meituan in Brazil, which could impact its market share and profitability. There are concerns about the integration of acquisitions like Despegar and the cultural transformation within the company, which could take time. The focus on AI and innovation requires significant investment, which may not yield immediate returns. The regulatory environment in Europe poses challenges, although recent interactions have been faster than expected. Q: What opportunities do you see for driving profitability through efficiencies? A: Nico Marais, Chief Financial Officer, highlighted that Prosus has achieved significant growth, with a 21% increase in revenue, translating into strong operating leverage. He cited examples such as iFood's 28% adjusted EBIT margin and OLX's 61% profit growth. Marais emphasized the potential for further margin improvements and operating leverage across their businesses. Q: What defines success for Prosus in the next three years? A: Fabricio Bloisi, Chief Executive Officer, outlined that success involves becoming the leading lifestyle e-commerce brand in Latin America, Europe, and India. He emphasized leveraging existing businesses like iFood and OLX, integrating investments in India, and expanding in Europe. Bloisi expressed confidence in building a strong ecosystem and achieving significant growth. Q: How is Prosus addressing cultural change within the company? A: Bloisi emphasized the importance of cultural transformation, focusing on speed, open communication, and innovation. He noted that the company is moving faster and more aggressively, with 30,000 employees aligned towards common goals. Bloisi highlighted the impact of this cultural shift on improving results and fostering entrepreneurship. Q: What is the role of AI in Prosus's ecosystem? A: Bloisi explained that AI is crucial for predicting customer behavior and integrating data across businesses. Prosus is using AI models to enhance customer insights and drive competitive advantages. He mentioned that the company is at the forefront of innovation, leveraging AI to create synergies and improve customer experiences. Q: How does Prosus plan to utilize the cash from Tencent dividends? A: Nico Marais stated that while the Tencent dividend has been a significant cash flow source, Prosus aims to generate more profits and cash flow from its e-commerce businesses. The company has doubled its dividend and plans to share more with shareholders as it becomes less dependent on Tencent, focusing on building ecosystems in Latin America, Europe, and India. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Wire
15-05-2025
- Business
- Business Wire
Prosus and Despegar Complete Acquisition
AMSTERDAM--(BUSINESS WIRE)--Prosus N.V. (Prosus) (AEX and JSE: PRX) and Despegar, Latin America's leading online travel agency, today jointly announce the completion of Prosus's acquisition of Despegar (NYSE: DESP) at a purchase price of $19.50 per share. Completion of the transaction follows approval by Despegar's board of directors and shareholders, and receipt of all required regulatory clearances. The transaction marks a significant milestone in Prosus's strategy to expand and strengthen its presence in Latin America, where the Group is creating a digital lifestyle ecosystem serving over 100 million customers across food delivery, classifieds, travel, experiences and fintech. Fabricio Bloisi, CEO of Prosus Group said: 'With Despegar joining the Prosus family, we're accelerating our vision to build the most dynamic lifestyle ecommerce ecosystems across Latin America, India, and Europe. By adding Latin America's top travel platform to our portfolio and leveraging iFood's scale, our fintech capabilities, Sympla's events and experiences, and OLX Brazil, we will unlock greater convenience for customers and open exciting new revenue streams. We are redefining lifestyle ecommerce by creating experiences that don't just meet needs, but anticipate them.' Damián Scokin, CEO of Despegar said: "With Prosus as our partner, we will benefit from scale and expertise in AI to accelerate growth and expand our service portfolio. We will continue to accelerate innovation, and set new standards in the travel market, while also contributing to building Prosus's position as Latin America's premier lifestyle ecosystem brand." For more details and previous announcements from Prosus and Despegar on this transaction, please see the links below. About Prosus Prosus is a global technology company, unlocking an AI-first world for our 2 billion customers. With investments in more than 100 companies across the world, we are building local ecommerce champions in growth markets. With leading positions in Food Delivery, Classifieds and Fintech, Prosus has created its own unique technology ecosystem, driving innovation, knowledge sharing and growth across our portfolio. Through the Prosus Ventures team, the group invests in new technology growth opportunities within AI, social and ecommerce platforms, fintech, B2B software, logistics, health, blockchain, agriculture and more. The team actively backs exceptional entrepreneurs who are using technology to improve people's everyday lives. To find out more, please visit About Despegar Despegar is the leading travel technology company in Latin America. For over two decades, it has revolutionized the tourism industry in the region through technology. With its continuous commitment to the development of the sector, Despegar today is comprised of a consolidated group that includes Despegar, Decolar, Best Day, Viajes Falabella, Viajanet Stays and Koin, and has become one of the largest travel companies in Latin America. Despegar operates in 20 countries in the region, accompanying Latin Americans from the moment they dream of traveling until they share their memories. With the purpose of improving people's lives and transforming the shopping experience, Despegar has developed alternative payment and financing methods, democratizing the access to consumption and bringing Latin Americans closer to their next travel experience. Despegar's common shares are traded on the New York Stock Exchange (NYSE: DESP).
