Prosus surpasses financial targets with $7.4 billion annual earnings

Dutch technology investor Prosus on Monday reported full-year core headline earnings of $7.4 billion, up 47% year-on-year and exceeding its financial targets, bolstered by its expansion in lifestyle ecommerce.

The company said ecommerce revenue grew 21% to $6.2 billion, fuelled by advances in artificial intelligence and innovation, as it continued to expand in Latin America, Europe, and India.

Prosus, owned by South African technology investor Naspers, is pivoting from an investment group to a lifestyle tech company, a strategic shift that BofA…