Prosus Nv Sp/Adr (PROSY) Q2 2026 Earnings Call

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Replay transcript excerpt

WEBVTT 00:00:00.385 -- 00:00:05.551 Hello, partners. How are you? Welcome to our results call. 00:00:05.551 -- 00:00:09.616 I hope you received and you enjoyed our results today. 00:00:09.616 -- 00:00:13.140 I'm quite excited to what we shared today. 00:00:13.140 -- 00:00:17.886 At the same time, we could share a little more about our growth. 00:00:17.886 -- 00:00:22.892 Not only that we are growing 20%, but even more important that our ecosystem thesis is 00:00:22.892 -- 00:00:27.453 working. So I enjoyed very much to share the numbers of Despegar. 00:00:27.453 -- 00:00:32.418 It's not only 5% of Desperate AI revenue coming from the iFood ecosystem, but we share 00:00:32.418 -- 00:00:35.922 the data week by week. You can see a very strong growth. 00:00:35.922 -- 00:00:39.766 I'm quite confident we'll get to 10%, 15% in the short term. 00:00:39.766 -- 00:00:42.329 So this is the base of our thesis, our ecosystem thesis. 00:00:42.329 -- 00:00:46.574 We are growing very fast in iFood, but we're pushing Desperate AI to grow together. 00:00:46.574 -- 00:00:52.961 At the same time, we could share a little of our numbers in terms of results. 00:00:52.961 -- 00:00:57.704 You saw we grew 70% to $530 million. 00:00:57.777 -- 00:01:00.260 I think it's great to share this number with you. 00:01:00.260 -- 00:01:05.426 One year ago, I told you I expect us to have more profit than a decent difference, 00:01:05.426 -- 00:01:09.831 and I expect us to get to multiple billion dollars of profit. 00:01:09.831 -- 00:01:14.476 And many people said, I can't see process doing that. 00:01:14.476 -- 00:01:17.099 So hope you can see process doing that today. 00:01:17.099 -- 00:01:22.325 We are going to get between $1.1 to $1.2 billion in profit 00:01:22.325 -- 00:01:24.805 this year, excluding...