By Najat Kantouar

Prosus, Tencent Holdings' largest shareholder, expects to keep growing substantially in the coming years, supported by increased investments in artificial intelligence.

The technology investor anticipates a $1.3 billion improvement in consolidated ecommerce adjusted earnings before interest, taxes, depreciation, and amortization over three years. The company also expects to double its consolidated ecommerce revenue over the same period, Chief Executive Fabricio Bloisi said Wednesday at the company's Capital Markets Days.

Prosus expects to deliver in between $7.3 billion and $7.5 billion in consolidated ecommerce revenue for fiscal 2026.

Prosus' consolidated results include the accounts of its subsidiaries in which it has majority stake. The company reports certain metrics on an economic-interest basis, which includes both subsidiaries consolidated in the group's accounts and a proportionate share of associated companies and joint ventures

The executive said it remained confident in the numbers as profitability will continue to increase, highlighting that AI would play a key role in the company's growth.

The Amsterdam-listed company's operations span e-commerce, classifieds, payments and fintech across Europe, Latin America and parts of Asia thanks to investments in other companies. The group commanded a 23.5% stake in Chinese tech giant Tencent at the end of March, according to its annual report.

Prosus also outlined plans to reduce costs by 10%.

Write to Najat Kantouar at najat.kantouar@wsj.com

(END) Dow Jones Newswires

June 25, 2025 06:06 ET (10:06 GMT)

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