Results reported on an economic interest basis, i.e. equity-accounted investments (Associates and JV's) are proportionally consolidated within reportable segments.
2.
Edtech became a segment from 1 April 2021 and is excluded from Other for all periods represented.
3.
At the end of FY22 we discontinued equity accounting VK, as our directors resigned from the VK Board.
4.
Avito is treated as a discontinued operation for 1H FY23 and prior year numbers have been adjusted. We completed its sale in October 2022.
Prosus (Consolidated)
Prosus Group Consolidated results1
US$'m
1H FY20
1H FY21
1H FY22
1H FY23
FY20
FY21
FY22
Continuing operations
Ecommerce
Revenue
1,224
1,987
2,753
3,240
2,938
4,701
6,237
% YoY growth US$
17%
62%
39%
18%
26%
60%
33%
% YoY growth LC, ex M&A
25%
53%
39%
33%
27%
57%
37%
Adjusted EBITDA
(196)
(44)
(194)
(391)
(410)
(139)
(497)
% EBITDA margin
(16%)
(2%)
(7%)
(12%)
(14%)
(3%)
(8%)
Trading Profit
(222)
(81)
(240)
(450)
(481)
(221)
(600)
% TP margin
(18%)
(4%)
(9%)
(14%)
(16%)
(5%)
(10%)
Classifieds
Revenue
291
401
890
1,218
691
1,061
2,139
% YoY growth US$
44%
38%
122%
37%
55%
54%
102%
% YoY growth LC, ex M&A
41%
(11%)
123%
64%
34%
17%
115%
Adjusted EBITDA
(46)
(29)
(23)
(134)
(118)
(100)
(130)
% EBITDA margin
(16%)
(7%)
(3%)
(11%)
(17%)
(9%)
(6%)
Trading Profit
(57)
(44)
(40)
(154)
(142)
(132)
(165)
% TP margin
(20%)
(11%)
(4%)
(13%)
(21%)
(12%)
(8%)
Food Delivery
Revenue
129
323
464
663
311
737
991
% YoY growth US$
72%
150%
44%
43%
94%
137%
34%
% YoY growth LC, ex M&A
76%
242%
38%
39%
114%
208%
29%
Adjusted EBITDA
(113)
(20)
(105)
(64)
(242)
(58)
(209)
% EBITDA margin
(88%)
(6%)
(23%)
(10%)
(78%)
(8%)
(21%)
Trading Profit
(115)
(22)
(108)
(70)
(247)
(63)
(216)
% TP margin
(89%)
(7%)
(23%)
(11%)
(79%)
(9%)
(22%)
Payments & Fintech
Revenue
177
225
309
412
386
515
686
% YoY growth US$
21%
27%
37%
33%
23%
33%
33%
% YoY growth LC, ex M&A
23%
25%
40%
57%
21%
32%
41%
Adjusted EBITDA
(23)
(20)
(24)
(76)
(37)
(46)
(39)
% EBITDA margin
(13%)
(9%)
(8%)
(18%)
(10%)
(9%)
(6%)
Trading Profit
(27)
(24)
(27)
(80)
(44)
(55)
(46)
% TP margin
(15%)
(11%)
(9%)
(19%)
(11%)
(11%)
(7%)
Edtech2
Revenue
-
-
23
63
-
-
84
% YoY growth US$
-
-
-
174%
-
-
-
% YoY growth LC, ex M&A
-
-
-
30%
-
-
-
Adjusted EBITDA
-
(4)
(14)
(66)
(1)
(10)
(50)
% EBITDA margin
-
-
(61%)
(105%)
-
-
(60%)
Trading Profit
-
(4)
(15)
(68)
(1)
(10)
(55)
-
% TP margin
-
-
(65%)
(108%)
-
-
(65%)
Etail
Revenue
524
963
1,026
843
1,360
2,244
2,249
% YoY growth US$
(2%)
84%
7%
(18%)
12%
65%
0%
% YoY growth LC, ex M&A
13%
70%
4%
(4%)
16%
54%
3%
Adjusted EBITDA
-
40
10
(13)
8
102
11
% EBITDA margin
0%
4%
1%
(2%)
1%
5%
0%
Trading Profit
(13)
24
(11)
(37)
(20)
68
(35)
% TP margin
(2%)
2%
(1%)
(4%)
(1%)
3%
(2%)
Other
Revenue
103
75
41
41
190
144
88
% YoY growth US$
18%
(27%)
(45%)
0%
(5%)
(24%)
(39%)
% YoY growth LC, ex M&A
21%
22%
78%
58%
14%
21%
97%
Adjusted EBITDA
(14)
(11)
(38)
(38)
(20)
(27)
(80)
% EBITDA margin
(14%)
(15%)
(93%)
(93%)
(11%)
(19%)
(91%)
Trading Profit
(10)
(11)
(39)
(41)
(27)
(29)
(83)
% TP margin
(10%)
(15%)
(95%)
(100%)
(14%)
(20%)
(94%)
Corporate
Revenue
-
-
-
-
-
-
-
Adjusted EBITDA
(56)
(36)
(75)
(78)
(134)
(104)
(160)
Trading Profit
(64)
(40)
(78)
(81)
(140)
(110)
(167)
Consolidated from continuing operations
Revenue
1,224
1,987
2,753
3,240
2,938
4,701
6,237
Adjusted EBITDA
(252)
(80)
(269)
(469)
(544)
(243)
(657)
Trading Profit
(286)
(121)
(318)
(531)
(621)
(331)
(767)
Discontinued operations3
Revenue
193
186
312
540
392
415
629
Adjusted EBITDA
120
91
164
218
220
190
246
Trading Profit
110
80
151
210
200
168
220
Total group consolidated
Revenue
1,417
2,173
3,065
3,780
3,330
5,116
6,866
Adjusted EBITDA
(132)
11
(105)
(251)
(324)
(53)
(411)
Trading Profit
(176)
(41)
(167)
(321)
(421)
(163)
(547)
Notes
1.
Results from owned and managed, consolidated businesses, i.e. excluding associates and JV's.
2.
Edtech became a segment from 1 April 2021 and is excluded from Other for all periods represented.
3.
Avito is treated as a discontinued operation for 1H FY23 and prior year numbers have been adjusted. We completed its sale in October 2022.
Classifieds
Classifieds
US$'m
1H FY20
1H FY21
1H FY22
1H FY23
FY20
FY21
FY22
Economic interest1
Prosus Classifieds2
Revenue
394
442
988
1,339
889
1,184
2,344
% YoY growth US$
68%
12%
124%
36%
66%
33%
98%
% YoY growth LC, ex M&A
50%
(10%)
115%
60%
46%
16%
106%
Trading Profit
(73)
(51)
(42)
(159)
(166)
(159)
(194)
% TP margin
(19%)
(12%)
(4%)
(12%)
(19%)
(13%)
(8%)
Classifieds2,3
MAU ('m)2
226
236
317
300
322
314
% YoY growth
5%
34%
(100%)
(6%)
7%
(3%)
App MAU ('m)4
67
79
82
80
69
81
81
% YoY growth
-
18%
4%
(2%)
-
19%
(0%)
ARPIU
% YoY growth US$
% YoY growth LC, ex M&A
Paying listers ('m)4
1.7
1.8
2.1
2.1
1.7
1.9
2.1
% YoY growth
-
5%
16%
(2%)
-
10%
8%
Active listings ('m)4
-
85
88
89
-
86
90
% YoY growth
-
-
3%
2%
-
-
5%
Revenue5
257
242
371
353
527
557
725
% YoY growth US$
27%
(6%)
53%
(5%)
25%
6%
30%
% YoY growth LC, ex M&A
25%
4%
28%
16%
22%
7%
25%
Trading Profit6
(10)
19
51
47
(37)
10
49
% TP margin
(4%)
8%
14%
13%
(7%)
2%
7%
OLX Autos7
# of inspection centres2
-
458
513
518
492
528
% YoY growth
-
-
12%
77%
(5%)
7%
# of cars transacted ('000)8
51
35
71
114
112
98
175
% YoY growth
-
(32%)
103%
60%
162%
(12%)
79%
B2C mix8,9
-
-
20%
42%
-
13%
29%
Average selling price (US$'000)8
5.9
6.2
8.9
8.7
5.8
6.9
9.3
% YoY growth
-
4%
44%
(2%)
-
18%
36%
Gross profit per unit (US$)8
-
-
995
638
-
746
895
% YoY growth
-
-
-
(36%)
-
-
20%
Revenue
137
200
617
986
362
627
1,619
% YoY growth US$
328%
46%
209%
60%
215%
73%
158%
% YoY growth LC, ex M&A
209%
(32%)
218%
84%
135%
27%
173%
Trading Profit6
(63)
(70)
(93)
(206)
(129)
(169)
(243)
% TP margin
(46%)
(35%)
(15%)
(21%)
(36%)
(27%)
(15%)
Top markets
OLX Europe (US$'m)
App MAU % YoY growth4
16%
11%
6%
2%
14%
10%
6%
Paying listers % YoY growth4
25%
6%
15%
(3%)
19%
12%
4%
Revenue
156
156
218
210
311
341
432
% YoY growth US$
-
(0%)
40%
(4%)
-
10%
27%
% YoY growth LC, ex M&A
-
(3%)
30%
14%
-
9%
24%
Trading Profit6
55
65
55
40
91
105
73
% TP margin
35%
42%
25%
19%
29%
31%
17%
Joint venture (equity accounted)
OLX Brasil (BRL'm)
App MAU % YoY growth4
5%
21%
-5%
-8%
4%
19%
-7%
Paying listers % YoY growth4
19%
-26%
60%
2%
7%
-12%
50%
Revenue (proportionate share)10
87
84
193
221
179
242
399
% YoY growth LC, ex M&A
25%
(5%)
40%
15%
20%
2%
27%
Trading Profit (proportionate share)10
(19)
17
44
26
(6)
(8)
24
% TP margin
(22%)
20%
23%
12%
(3%)
(3%)
6%
Consolidated11
Prosus Classifieds2
Revenue
291
401
890
1,218
691
1,061
2,139
% YoY growth US$
44%
38%
122%
37%
55%
54%
102%
% YoY growth LC, ex M&A
41%
(11%)
123%
64%
34%
17%
115%
Trading Profit
(57)
(44)
(40)
(154)
(142)
(132)
(165)
% TP margin
(20%)
(11%)
(4%)
(13%)
(21%)
(12%)
(8%)
Notes
1.
Results reported on an economic interest basis, i.e. equity-accounted investments (Associates and JV's) are proportionally consolidated within reportable segments.
2.
Avito was Classifieds as a discontinued operation for 1H FY23, and was subsequently sold in October 2022. Classifieds' revenue, trading profit and operational metrics in all comparative periods exclude Avito.
3.
Classifieds includes markets where the predominant mix of business is online classifieds (Europe, Brazil, South Africa and other associates).
4.
Operational metric data reflects 100% of controlled entities and equity-accounted investments (excluding OfferUp and EMPG). Numbers have been adjusted to reflect like-for-like
due to changes in the markets within our portfolio.
5.
ARPIU disclosure: We are migrating away from ARPIU since the relevance of the metric to the business has decreased as the business is focused on the monetisation of paying listers.
Consequently, this will be the last time we report ARPIU. ARPIU grew 14% in 1H FY23 (fx neutral) to US$1.08 from US$0.95 in 1H FY22.
6.
Trading profit in all comparative periods have been adjusted for the allocation of OLX shared services costs to the respective business units.
7.
OLX Autos includes markets where autos transaction constitute predominant mix of business (LatAm, USA, India, Indonesia, Pakistan and Turkey).
8.
Operational metric data reflects 100% of FCG (including Poland) and letgo Turkey. Numbers have been adjusted to reflect like-for-like due to changes in the markets within our portfolio,.
9.
In markets where an established B2C model is operated, including Argentina, Colombia, Chile, Indonesia, Mexico, Poland and Turkey (letgo).
10.
Grupo ZAP was consolidated from October 2020 - FY21 includes six months of revenue and trading profit while FY22 includes 12 months.
11.
Results from owned and managed, consolidated businesses, i.e. excluding associates and JV's.
Food Delivery
Food Delivery
US$'m
1H FY20
1H FY21
1H FY22
1H FY23
FY20
FY21
FY22
Economic interest1
Prosus Food Delivery
GMV2
-
-
23,784
27,108
-
31,846
50,965
% YoY growth US$
73%
51%
80%
14%
67%
64%
60%
% YoY growth LC, ex M&A
81%
69%
73%
26%
76%
70%
59%
Revenue
306
610
1,261
1,911
751
1,486
2,992
% YoY growth US$
69%
99%
107%
52%
99%
98%
101%
% YoY growth LC, ex M&A
69%
141%
86%
52%
105%
127%
77%
Trading Profit
(283)
(189)
(312)
(381)
(624)
(355)
(724)
% TP margin
(92%)
(31%)
(25%)
(20%)
(83%)
(24%)
(24%)
Prosus core Food Delivery
GMV1
-
-
22,784
24,814
-
31,092
48,310
% YoY growth US$
-
-
-
9%
-
-
55%
% YoY growth LC, ex M&A
-
-
-
22%
-
-
56%
% of total GMV
-
-
96%
92%
-
98%
95%
Prosus New initiatives3
GMV1
-
-
1,000
2,294
-
754
2,655
% YoY growth US$
-
-
-
129%
-
-
252%
% YoY growth LC, ex M&A
-
-
-
110%
-
-
208%
% of total GMV
-
-
4%
8%
-
2%
5%
Subsidiary4
iFood
Orders ('m)2
121
250
361
403
276
553
758
% YoY growth
122%
116%
43%
12%
95%
100%
37%
% 1P orders
22%
35%
36%
36%
25%
35%
35%
GMV2
1,227
2,232
3,531
4,501
2,611
5,015
7,383
% YoY growth US$
85%
82%
58%
27%
62%
92%
47%
% YoY growth fx neutral, ex M&A
92%
156%
50%
22%
82%
148%
41%
Merchants (Brazil)
116,235
237,988
294,257
323,344
159,613
272,380
317,418
Delivery partners (Brazil)
83,521
138,846
182,969
236,481
170,347
209,151
232,418
Cities (Brazil)
822
1,137
1,385
1,543
975
1,258
1,780
Revenue
132
323
464
663
315
736
991
% YoY growth US$
74%
145%
44%
43%
94%
134%
35%
% YoY growth LC, ex M&A
78%
234%
38%
39%
113%
205%
29%
Trading Profit
(112)
(17)
(100)
(59)
(247)
(43)
(206)
% TP margin
(85%)
(5%)
(22%)
(9%)
(78%)
(6%)
(21%)
iFood core Food Delivery
Orders ('m)2
-
-
343
357
-
540
705
% YoY growth
-
-
-
4%
-
-
31%
GMV2
-
-
3,185
3,787
-
4,812
6,514
% YoY growth US$
-
-
-
19%
-
-
35%
% YoY growth LC, ex M&A
-
-
-
13%
-
-
30%
% of total GMV
-
-
90%
84%
-
96%
88%
Revenue
-
-
458
606
-
728
967
% YoY growth US$
-
-
-
32%
-
-
33%
% YoY growth LC, ex M&A
-
-
-
29%
-
-
28%
Trading Profit
-
-
(6)
45
-
1
(13)
% TP margin
-
-
-
7%
-
0%
(1%)
iFood New initiatives3
Orders ('m)2
-
-
18
46
-
13
53
% YoY growth
-
-
-
152%
-
-
308%
GMV2
-
-
346
715
-
203
869
% YoY growth US$
-
-
-
106%
-
-
328%
% YoY growth LC, ex M&A
-
-
-
102%
-
-
291%
% of total GMV
-
-
10%
16%
-
4%
12%
Revenue
-
-
6
57
-
8
24
% YoY growth US$
-
-
-
850%
-
-
200%
% YoY growth LC, ex M&A
-
-
-
833%
-
-
150%
Trading Profit5
-
-
(94)
(104)
-
(44)
(193)
% TP margin
-
-
(1567%)
(182%)
-
(550%)
(804%)
Associate
Delivery Hero (DH)
GMV (€'m)2,6
3,192
9,055
16,159
20,024
7,436
21,806
35,362
% YoY growth €
59%
64%
78%
24%
67%
72%
62%
% YoY growth fx neutral
60%
67%
86%
21%
67%
79%
66%
Revenue (US$'m, proportionate share)
126
234
703
1,049
305
615
1,755
% YoY growth US$
39%
86%
200%
49%
75%
102%
185%
% YoY growth LC, ex M&A
49%
87%
157%
54%
85%
99%
137%
Trading Profit (US$'m, proportionate share)
(57)
(100)
(160)
(152)
(143)
(195)
(343)
% TP margin
(45%)
(43%)
(23%)
(14%)
(47%)
(32%)
(20%)
DH Integrated Verticals
GMV (€'m)2,6
-
-
441
849
-
371
1,099
% YoY growth €
-
-
-
92%
-
-
196%
% YoY growth fx neutral
-
-
-
85%
-
-
209%
% of total GMV
-
-
3%
4%
-
2%
3%
Associate
Swiggy
Order2,7 % YoY growth
243%
(21%)
31%
52%
160%
(33%)
55%
GMV2,7 % YoY growth US$
189%
(23%)
62%
61%
124%
(25%)
75%
GMV2,7 % YoY growth fx neutral
194%
(20%)
63%
73%
128%
(22%)
76%
Enabled restaurants
118,482
148,824
156,189
262,600
152,970
132,503
196,571
Delivery partners
204,076
89,460
192,408
298,843
242,122
158,010
291,078
Cities
262
498
482
562
517
484
549
Revenue (proportionate share)
48
54
87
150
132
135
212
% YoY growth US$
220%
13%
61%
72%
222%
2%
57%
% YoY growth LC, ex M&A
170%
17%
62%
118%
182%
3%
68%
Trading Profit (proportionate share)
-
-
(34)
(105)
-
(88)
(100)
% TP margin
-
-
(39%)
(70%)
-
(65%)
(47%)
Consolidated8
Prosus Food Delivery
Revenue
129
323
464
663
311
737
991
% YoY growth US$
72%
150%
44%
43%
94%
137%
34%
% YoY growth LC, ex M&A
76%
242%
38%
39%
114%
208%
29%
Trading Profit
(115)
(22)
(108)
(70)
(247)
(63)
(216)
% TP margin
(89%)
(7%)
(23%)
(11%)
(79%)
(9%)
(22%)
Notes
1.
Results reported on an economic interest basis, i.e. equity-accounted investments (Associates and JV's) are proportionally consolidated within reportable segments.
2.
Orders and GMV are 100% for all companies. Investee companies' KPIs are aligned with 3-month reporting lag period (January - December).
Growth in 1H FY20, FY20, 1H FY21 and FY21 are based on metrics excluding Woowa Group.
3.
New initiatives includes grocery, meal vouchers and other initiatives.
DH's Integrated Verticals (Dmarts and DH kitchens) are included in Prosus New initiatives
Swiggy's Instamart and other initiatives are included in Prosus New Initiatives.
4.
iFood Brazil is a subsidiary. iFood Colombia, which was a joint-venture with Delivery Hero, has been closed down and excluded from 1H FY23 operational metrics but still included in the prior periods.
5.
New initiatives' trading losses includes iFood corporate costs.
6.
As reported by Delivery Hero (DH) on a three-month lag basis. DH's metrics for 1H FY21, FY21 and 1H FY22 include Woowa Group on a pro-forma basis.
7.
GMV: Completed order value plus delivery fees. Orders: Completed orders from all delivery businesses.
8.
Results from owned and managed, consolidated businesses, i.e. excluding associates and JV's.
Payments & Fintech
Payments & Fintech
US$'m
1H FY20
1H FY21
1H FY22
1H FY23
FY20
FY21
FY22
Economic interest1
Prosus Payments & Fintech
TPV (US$'bn)
18
24
35
46
38
55
78
% YoY growth US$
25%
34%
49%
32%
26%
45%
43%
% YoY growth LC, ex M&A
30%
37%
48%
49%
29%
46%
47%
# transactions ('m)2
554
739
1,075
1,256
1,198
1,658
2,257
% YoY growth
35%
33%
45%
17%
30%
38%
36%
% YoY growth, ex M&A
35%
25%
45%
17%
28%
32%
36%
Revenue
199
252
359
480
428
577
796
% YoY growth US$
16%
27%
42%
34%
19%
35%
38%
% YoY growth LC, ex M&A
20%
29%
44%
55%
21%
36%
45%
Trading Profit
(38)
(31)
(31)
(97)
(67)
(68)
(60)
% TP margin
(19%)
(12%)
(9%)
(20%)
(16%)
(12%)
(8%)
Core PSP3
Revenue
169
218
294
363
373
499
643
% YoY growth US$
19%
29%
35%
23%
23%
34%
29%
% YoY growth LC, ex M&A
20%
27%
37%
47%
21%
32%
37%
Trading Profit
(7)
3
9
(25)
(4)
10
28
Margin
(4%)
1%
3%
(7%)
(1%)
2%
4%
India Payments & Fintech
TPV (US$'bn)
9
11
19
28
19
27
44
% YoY growth US$
34%
16%
72%
48%
30%
37%
65%
% YoY growth LC, ex M&A
35%
24%
70%
59%
32%
42%
66%
# transactions ('m)2
305
355
543
667
624
792
1,146
% YoY growth
39%
17%
53%
23%
26%
27%
45%
% YoY growth, ex M&A
39%
17%
53%
23%
26%
27%
45%
Revenue
-
-
133
183
-
206
304
% YoY growth US$
41%
2%
56%
38%
38%
18%
48%
% YoY growth LC, ex M&A
34%
5%
55%
48%
31%
20%
49%
GPO
TPV (US$'bn)
8
13
16
18
18
28
35
% YoY growth US$
15%
55%
28%
12%
22%
54%
22%
% YoY growth LC, ex M&A
25%
51%
29%
38%
26%
51%
30%
# transactions ('m)
250
384
532
589
574
865
1,112
% YoY growth
31%
54%
39%
11%
35%
51%
28%
% YoY growth, ex M&A
31%
34%
39%
11%
30%
37%
28%
Revenue
-
-
163
181
-
294
341
% YoY growth US$
4%
55%
21%
11%
11%
49%
16%
% YoY growth LC, ex M&A
14%
47%
25%
45%
13%
45%
29%
India Credit & other new initiatives
Loan book at end of period
-
81
76
279
-
64
151
% YoY growth
-
-
(7%)
269%
-
-
136%
Issuance volume
-
36
175
678
-
134
586
% YoY growth
-
-
382%
288%
-
-
337%
Customers ('m)
-
-
-
3.9
-
-
3.1
Loss rate
-
-
-
3.1%
-
-
2.8%
Revenue
-
-
8
41
-
9
29
% YoY growth US$
-
-
-
413%
-
-
222%
% YoY growth LC, ex M&A
-
-
-
438%
-
-
233%
Associate
Remitly4
Send volumes ('bn)
-
-
9
13
-
12
20
% YoY growth
-
-
-
41%
-
-
70%
Customers ('m)
-
-
2.4
3.4
-
1.9
2.8
% YoY growth
-
-
43%
-
-
50%
Revenue (US$'m, proportionate share)
-
-
49
67
-
57
109
% YoY growth US$
-
-
-
37%
-
-
91%
% YoY growth LC, ex M&A
-
-
-
46%
-
-
79%
Trading Profit (US$'m, proportionate share)
-
-
(2)
(14)
-
-
(9)
% TP margin
-
-
(4%)
(21%)
-
-
(8%)
Consolidated5
Prosus Payments & Fintech
Revenue
177
225
309
412
386
515
686
% YoY growth US$
21%
27%
37%
33%
23%
33%
33%
% YoY growth LC, ex M&A
23%
25%
40%
57%
21%
32%
41%
Trading Profit
(27)
(24)
(27)
(80)
(44)
(55)
(46)
% TP margin
(15%)
(11%)
(9%)
(19%)
(11%)
(11%)
(7%)
Notes
1.
Results reported on an economic interest basis, i.e. equity-accounted investments (Associates and JV's) are proportionally consolidated within reportable segments.
2.
Transactions exclude Wibmo.
3.
Core is made up of India payments and GPO (Global Payments Organisation relates to PayU's operations outside of India).
4.
Operational metrics are shown at 100% for all companies. Investee companies' operational and financial KPIs (Remitly disclosed here) are aligned with 3-month reporting lag period.
5.
Results from owned and managed, consolidated businesses, i.e. excluding associates and JV's.
Edtech
Edtech
US$'m
1H FY20
1H FY21
1H FY22
1H FY23
FY20
FY21
FY22
Economic interest1
Prosus Edtech
Revenue2
28
51
120
334
68
115
425
% YoY growth US$
-
82%
135%
178%
-
69%
270%
% YoY growth LC, ex M&A
-
54%
51%
38%
-
56%
55%
Trading Profit2
(6)
(13)
(48)
(178)
(19)
(14)
(117)
% TP margin
(21%)
(25%)
(40%)
(53%)
(28%)
(12%)
(28%)
Subsidiary
Stack Overflow3
ARR4 (Teams business)
-
-
30
50
-
-
42
NDRR5 (Teams business)
-
-
112%
116%
-
-
115%
Total Paying Teams
-
-
1,220
1,262
-
-
1,270
Bookings (Total Business)
-
-
17
55
-
-
65
Average monthly unique visitors ('m)6
-
-
110
93
-
-
108
Revenue
-
-
12
45
-
-
54
% YoY growth US$
-
-
-
275%
-
-
-
% YoY growth LC, ex M&A
-
-
-
33%
-
-
-
Trading Profit
-
-
(9)
(42)
-
-
(34)
% TP margin
-
-
(75%)
(93%)
-
-
(63%)
Subsidiary
GoodHabitz7
ARR4
-
-
37
38
-
-
40
Enterprise Customers
-
-
1,910
2,447
-
-
2,257
Revenue
-
-
11
18
-
-
29
% YoY growth US$
-
-
-
64%
-
-
-
% YoY growth LC, ex M&A
-
-
-
27%
-
-
-
Trading Profit
-
-
(1)
(11)
-
-
(6)
% TP margin
-
-
(9%)
(61%)
-
-
(21%)
Associate
Skillsoft8,9
Bookings
-
-
-
231
-
672
721
% YoY growth
-
-
-
-
-
-
7%
ARR4,10
-
-
-
336
-
317
321
% YoY growth
-
-
-
-
-
-
1%
NDRR5,10
-
-
-
98%
-
93%
97%
Revenue (proportionate share)2
-
-
-
118
-
-
119
Trading Profit (proportionate share)2
-
-
-
10
-
-
11
% TP margin
-
-
-
8%
-
-
9%
Consolidated11
Prosus Edtech
Revenue
-
-
23
63
-
-
84
% YoY growth US$
-
-
-
174%
-
-
-
% YoY growth LC, ex M&A
-
-
-
30%
-
-
-
Trading Profit
-
(4)
(15)
(68)
(1)
(10)
(55)
% TP margin
-
-
(65%)
(108%)
-
-
(65%)
Notes
1.
Results reported on an economic interest basis, i.e. equity-accounted investments (Associates and JV's) are proportionally consolidated within reportable segments. Edtech became a segment from 1 April 2021.
2.
Results include one-off adjustments related to associates. i.e. BYJU's prior year accounting adjustment (Revenue -$18m, TP -$61m) and lag period adjustments
for BYJU's, Udemy and Skillsoft (Revenue +$62m, TP -$1m). We discontinued equity accounting BYJU's and Udemy from September 2022.
3.
Stack Overflow was included for 8 (2) months in FY22 (1H FY22). Operating metrics, revenue and trading profit reflect these inclusion periods.
4.
ARR (annualized recurring revenue) represents annualized value of all subscription contracts at the end of the reporting period.
5.
NDRR (net dollar retention rate) represents total ARR at the end of the period divided by the total ARR at the beginning of period for active customers at the beginning of the period.
6.
Includes Stackoverflow.com and the tech-focused Stack Exchange sites.
1H FY23 is based on modelled data due to changes in Google Analytics platform, which is used to track the monthly unique visitors, during the period.
7.
GoodHabitz was included for 10 (4) months in FY22 (1H FY22). Operating metrics, revenue and trading profit reflect these inclusion periods.
8.
Skillsoft was included for 6 months in FY22. Revenue and trading profit reflect these inclusion periods while operating metrics reflect the full period.
9.
Operational metrics are shown at 100% for all companies. Investee companies' operational and financial KPIs (Skillsoft disclosed here) are aligned with 3-month reporting lag period.
10.
Relates to Skillsoft's Content platform. FY21 and FY22 were updated to align with this definition as reported by Skillsoft.
11.
Results from owned and managed, consolidated businesses, i.e. excluding associates and JV's.
Etail
Etail
US$'m
1H FY20
1H FY21
1H FY22
1H FY23
FY20
FY21
FY22
Economic interest1
Prosus Etail
eMAG Group ecommerce GMV
663
1,160
1,233
1,032
1,660
2,675
2,697
% YoY growth US$
10%
75%
6%
(16%)
17%
61%
1%
% YoY growth LC, ex M&A
18%
62%
4%
(3%)
18%
52%
3%
eMAG Genius subscribers ('000)
-
-
197
395
-
120
335
% YoY growth
-
-
-
101%
-
-
174%
Tazz Order % YoY growth, organic
-
-
497%
47%
-
872%
333%
Tazz GMV % YoY growth LC, ex M&A
-
-
563%
59%
-
923%
335%
Revenue
525
965
1,029
852
1,363
2,250
2,259
% YoY growth US$
(38%)
84%
7%
(17%)
(11%)
65%
0%
% YoY growth LC, ex M&A
13%
70%
4%
(4%)
16%
54%
3%
Trading Profit
(15)
24
(11)
(38)
(20)
68
(35)
% TP margin
(3%)
2%
(1%)
(4%)
(1%)
3%
(2%)
Consolidated2
Prosus Etail
Revenue
524
963
1,026
843
1,360
2,244
2,249
% YoY growth US$
(2%)
84%
7%
(18%)
12%
65%
0%
% YoY growth LC, ex M&A
13%
70%
4%
(4%)
16%
54%
3%
Trading Profit
(13)
24
(11)
(37)
(20)
68
(35)
% TP margin
(2%)
2%
(1%)
(4%)
(1%)
3%
(2%)
Consolidated2
Naspers Etail3
Takealot Group GMV
262
407
702
700
603
1,022
1,493
% YoY growth US$
42%
56%
72%
(0%)
34%
69%
46%
% YoY growth LC, ex M&A
54%
85%
44%
15%
46%
84%
34%
Takealot.com GMV % YoY growth LC, ex M&A
41%
88%
32%
15%
37%
80%
27%
Superbalist GMV % YoY growth LC, ex M&A
76%
37%
47%
15%
41%
45%
42%
Mr.D Order % YoY growth
111%
90%
88%
9%
103%
107%
51%
Mr.D GMV % YoY growth LC, ex M&A
103%
101%
78%
13%
91%
117%
51%
Revenue
169
238
388
383
392
606
827
% YoY growth US$
25%
41%
63%
(1%)
23%
55%
36%
% YoY growth LC, ex M&A
25%
66%
36%
13%
28%
65%
27%
Trading Profit
(22)
(6)
(2)
(13)
(43)
(7)
(7)
% TP margin
(13%)
(3%)
(0%)
(3%)
(11%)
(1%)
(1%)
Notes
1.
Results reported on an economic interest basis, i.e. equity-accounted investments (Associates and JV's) are proportionally consolidated within reportable segments.
2
Results from owned and managed, consolidated businesses, i.e. excluding associates and JV's.
3.
Naspers Etail includes Prosus Etail and Takealot, although the KPIs under Naspers are only for Takealot.
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Naspers Limited published this content on 23 November 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 23 November 2022 08:24:01 UTC.
Naspers Limited is a global consumer Internet company. Through Prosus, the Company operates and invests globally in markets with long-term growth potential, building consumer Internet companies that empower people and enrich communities. The Companyâs segments include Food Delivery, Classifieds, Payments and Fintech, Edtech, Etail, Other ecommerce: Ventures, Media24 and Social and Internet platforms. Its portfolio of food-delivery businesses allows customers to order their favorite food online and via apps to be conveniently delivered wherever they are. Prosus holds an investment in Tencent, Chinaâs used Internet services platform. Media24 is a print and digital media group with interests in digital media and services, newspapers, magazines, e-commerce, book publishing and media logistics. Its group includes some of the local consumer Internet companies in around 100 countries, spanning the Americas to Asia, Europe to South Africa.