Prosus NV

Prosus NV engages in the provision of different technology platforms. It operates through the following segments: Ecommerce, Social and Internet Platforms, and Corporate. The Ecommerce segment operates internet platforms to provide various services and products, and includes classifieds, payments and fintech, food delivery, etail, travel, and other ecommerce. The Social and Internet Platforms segment holds listed investments in social and internet platforms through Tencent and Mail.ru. The Corporate segment comprises entities which provide various corporate functions and activities. The company was founded on April 3, 1997 and is headquartered in Amsterdam, the Netherlands.

Naspers Ltd

Bob van Dijk, the chief executive of Naspers and Prosus, has stepped down from his position effective immediately in a surprising move at the firms that own and are major backers of several large software businesses and startups globally.

Prosus, Naspers CEO Bob van Dijk abruptly steps down

AMSTERDAM--(BUSINESS WIRE)--Prosus N.V. (Prosus) (AEX and JSE: PRX) The annual general meeting (AGM) of the shareholders of Prosus was held today. Shareholders are advised that all resolutions set out in the notice of the AGM were passed by the requisite majority of shareholders represented at the AGM and adopted, including all the resolutions required to implement the proposed transaction to remove the cross-holding structure between Naspers Limited and Prosus that was announced on Tuesday, 27.

Prosus N.V.: Results of Annual General Meeting

Rocket Companies, Inc.

I happened to read InvestorPlace.com contributor Jeremy Flint's recent article about undervalued bank stocks. All three names are solid financial institutions worth considering.

3 Financial Stocks to Buy Now (That Aren't Banks!)

A key Byju's investor has gone on record to express its disappointment in the edtech giant's governance issue, just weeks after all the independent members quit the startup's board. Prosus said on Tuesday that Byju's “reporting and governance structures did not evolve sufficiently for a company of that scale,” and it “disregarded advice and recommendations.

Prosus questions Byju's governance, says Indian edtech ‘regularly disregarded advice'

AMSTERDAM--(BUSINESS WIRE)--Distribution of notice of hybrid annual general meeting Prosus N.V. (Prosus) (AEX and JSE: PRX): Prosus shareholders are advised that notice is hereby given, in terms of the notice of annual general meeting published today, on 12 July 2023, that the hybrid annual general meeting of Prosus (the Annual General Meeting) will be held at 14:00 CET on Wednesday, 23 August 2023, at The Warehouse, Generaal Vetterstraat 51-A, 1059 BT Amsterdam, the Netherlands. Prosus will, i.

Prosus N.V.: Notice of Hybrid Annual General Meeting and Cash Dividend Declaration

Naspers and Prosus announced a proposal to remove the much-hated cross-holding structure. While the transaction is quite complex, its outcome is actually a real simplification. However, one of the two companies will benefit more than the other from the proposal.

The Naspers-Prosus Simplification: Who Will Benefit

Prosus N.V. (OTCPK:PROSY) Q4 2023 Earnings Conference Call June 27, 2023 10:00 AM ET Company Participants Eoin Ryan - IR Bob van Dijk - CEO Basil Sgourdos - CFO Larry Illg - CEO, Prosus, Food Delivery & Edtech Ervin Tu - Group Chief Investment Officer Conference Call Participants Joseph Barnet-Lamb - Credit Suisse Cesar Tiron - Bank of America Christopher Johnen - HSBC William Packer - Exane BNP Paribas Andrew Ross - Barclays Lisa Yang - Goldman Sachs Catherine O'Neill - Citi Warwick Bam - RMB Morgan Stanley Silvia Cuneo - Deutsche Bank Operator Good day, ladies and gentlemen, and welcome to the Prosus Naspers FY ‘23 Results Call.

Prosus N.V. (PROSY) Q4 2023 Earnings Call Transcript

Prosus , one of the world's biggest investors in technology and operators of consumer Internet companies, on Tuesday reported a fall in 2023 profit but said trading had improved in the second half of the year.

Prosus posts $617 mln e-commerce trading loss, H2 sees improvement

AMSTERDAM--(BUSINESS WIRE)--Prosus N.V. (Prosus) (AEX and JSE: PRX): 1. INTRODUCTION The board of directors of Naspers (the Naspers Board) and the board of directors of Prosus (the Prosus Board) are pleased to announce that Naspers and Prosus (together with their consolidated subsidiaries, the Group) intend to implement a proposed transaction in terms of which the cross-holding structure between Naspers and Prosus (the Cross-Holding Structure) will be removed (the Proposed Transaction). The imp.

Naspers and Prosus Announce the Intention to Remove the Cross-Holding Structure

AMSTERDAM--(BUSINESS WIRE)--Prosus N.V. (Prosus) (AEX and JSE: PRX): Shareholders are advised that the company's annual report (including consolidated annual financial statements) for the year ended 31 March 2023 will be available on the company's website, www.prosus.com, this morning, Tuesday, 27 June 2023. The summarised consolidated financial statements together with additional supporting information for the annual report will also be published on the website, www.prosus.com, together with t.

Prosus N.V.: Distribution of Annual Report 2023 and Update Regarding Annual General Meeting

AMSTERDAM--(BUSINESS WIRE)--Prosus N.V. (Prosus) (AEX and JSE: PRX): In the second half of the year the group made significant progress in delivery of its strategic priorities, positioning it well for long-term value creation. The ongoing open-ended repurchase programme is creating significant value for shareholders and actions taken in H2 to streamline operations have improved profitability. The group has increased confidence in achieving its H1 2025 profit ambition, while continuing to delive.

Prosus Delivers Against Strategic Objectives and Is On-Track to Achieve Profitability Target

BandLab Technologies said late Tuesday it has raised an additional $25 million from existing investors as the company's valuation jumped 35% from its most recent funding round at the height of the Covid-19 pandemic.

Cercano, Prosus Double Down On Kuok Family-Backed BandLab Investment As Valuation Jumps

Prosus N.V. is a holding company that serves the world's Internet consumer group. Its investment in e-commerce is very promising and, in my view, anchors this company's long-term prosperity.

Prosus: Profitability Path Set As E-Commerce Results Justify Investment

Prosus is actively engaging with multiple players to explore sale of classified business Olx's Autos unit in several markets including India and Indonesia, according to a source familiar with the matter.

Prosus in talks to sell Olx Autos business in India, other markets

Technology investor Prosus is considering a sale of its OLX Autos classified advertising business, the company said on Thursday.

Prosus considers sale of automotive classified advertising business

AMSTERDAM--(BUSINESS WIRE)--Prosus N.V. (Prosus) (AEX and JSE: PRX): On 2 March 2023, Prosus announced that the core classifieds business of OLX Group continues to deliver a strong performance through the financial year, with sustained growth and improving profitability, and is well-placed for further growth and margin expansion. Most recently, OLX Autos, the adjacent car transaction business has, similar to listed peers, been affected by ongoing macroeconomic and market challenges.

Prosus Focuses Classifieds Operations on Its Attractive Core Business

Prosus NV and its South African parent Naspers are cutting up to 30% of jobs at their corporate offices, the Dutch technology investor said.

Prosus, Naspers cutting 30% of jobs at corporate offices

Glencore PLC

Steven Romick (Trades, Portfolio) disclosed his portfolio for the fourth quarter of 2022 earlier this month.

Steven Romick Swaps Prosus for Naspers, Trims Top Holding Glencore

Tencent Holdings Limited

After years of zero-Covid, China is finally reopening. Tencent is allowed to license new games again, and the Tech crackdown is mostly over.

Is China Investable Again? Another Look At Prosus And Tencent

The time has come to revisit Prosus - and because China has gone up in the time since my last article, Prosus is equally seeing a share price increase. There's some impressive outperformance if we look at the company from a 3-4 month perspective. I made my stance clear, and the company reached "BUY" in October/November.

Prosus: Why Things Are Still As Unclear As Ever, Reiterate Hold

ASML Hld

Costco

In times of distress, purchase quality companies at a value and plan to hold for the ultra-long term.

Invest Like Warren Buffett: Buy These 3 Stocks for the Next Bull Market

Amazon

Super Micro Computer

This year's dramatic sell-off has opened up terrific opportunities in the high-growth but beaten-down tech sector.

The Best Stocks to Buy With $500 Right Now

KraneShares CSI China Internet ETF

Vanguard FTSE Emerging Markets ETF

Naspers/Prosus' half-year update had lots to like.

The Best Way to Invest in Emerging Markets Just Got Even Better

Naspers Ltd and Prosus NV (OTCPK:PROSY) Q2 2022 Earnings Conference Call November 23, 2022 10:00 AM ET Company Participants Bob van Dijk - CEO & Executive Director Vasileios Sgourdos - CFO, Financial Director & Executive Director Charles Searle - Non-Executive Director, Tencent Holdings Limited Romain Voog - CEO of Classifieds, Naspers Limited Eoin Ryan - Head, IR, Naspers Limited Conference Call Participants Cesar Tiron - Bank of America Merrill Lynch William Packer - BNP Paribas Exane Silvia Cuneo - Deutsche Bank Christopher Johnen - HSBC Warwick Bam - Avior Capital Markets Catherine O'Neill - Citi Lisa Yang - Goldman Sachs Operator Good day, ladies and gentlemen, and welcome to the Naspers and Prosus Interim Results Presentation. [Operator Instructions].

Naspers Ltd and Prosus NV (PROSY) Q2 2022 Earnings Call Transcript

Europe-listed Prosus, which has long used dividends from the Chinese gaming giant to fund expensive bets, is moving more aggressively to stem losses.

News for Prosus NV Stock (PROSY)