By Elena Vardon

Technology investor Prosus said its e-commerce segment's core earnings for the fiscal first quarter were ahead of its internal target, while revenue for the period was in line.

The largest shareholder of Chinese tech giant Tencent Holdings said adjusted earnings before interest, taxes, depreciation, and amortization for the three months through June 30 rose to $237 million from $157 million in the first quarter of fiscal 2025, beating its internal target by 14%.

Revenue for the quarter rose 15% on year to $1.7 billion, in line with its revenue target, Prosus said in a presentation at its annual general meeting on Wednesday.

Prosus has said it anticipates e-commerce adjusted Ebitda for the year to come in at between $1.1 billion and $1.2 billion on revenue in the $7.3 billion-$7.5 billion range. The company posted revenue of $6.2 billion for fiscal 2025.

Including the proposed acquisition of food-delivery company Just Eat Takeaway, Prosus' e-commerce adjusted Ebitda could hit between $1.3 billion and $1.4 billion while revenue should come in at between $9.4 billion and $9.6 billion, it said.

Amsterdam-listed Prosus has operations spanning e-commerce, classifieds, payments and fintech across Europe, Latin America and parts of Asia thanks to investments in other companies. The group commands a nearly 23% stake in Tencent, according to a July regulatory filing.

Write to Elena Vardon at elena.vardon@wsj.com

(END) Dow Jones Newswires

August 20, 2025 11:22 ET (15:22 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.