Prosus Shares Drop After Warning on Adjusted Profit Hit due to iFood Investments
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Prosus shares fell 6.4% to 38.42 euros after CEO Fabricio Bloisi announced that increased investments in iFood would lower adjusted earnings for fiscal 2027 to between $100 million and $150 million. Despite the impact on net revenues, Bloisi expects strong growth in key performance indicators for orders and gross merchandise value. The company reported over $7.3 billion in revenue and more than $1.1 billion in adjusted earnings for the year ending March 31.
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