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The change of pace that Naspers and Prosus needed
- The appointment of Fabricio Bloisi as CEO of Prosus has brought about positive changes, with investors responding favorably since his appointment in May 2024.
- Under Bloisi's leadership, Prosus has started to generate healthy profits from its own operations, with earnings per share doubling in the financial year ending March 2025.
- Both Naspers and Prosus will be doubling their dividends, showcasing the progress made under the new CEO.
- Despite challenges like Chinese regulations on Tencent and a volatile global economic environment, share prices of both companies have increased significantly.
- Bloisi's communication with shareholders has been praised for clarity and vision, hinting at a promising future for the companies.
- Prosus is transitioning to a tech-first culture, focusing on building a leading lifestyle e-commerce company in Latin America, India, and Europe.
- The company is also heavily investing in artificial intelligence to enhance its e-commerce operations and customer experience.
- Prosus and Naspers plan to continue their share buyback programs to provide value to shareholders and reduce discounts to net asset value.
- Since Bloisi's tenure, more than $35 billion in value has been returned to shareholders through share repurchases.
- The companies have seen significant improvements in their net asset value per share, demonstrating growth and strategic financial management.
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