Prosus HY 2026: Real Estate Revenues up 26% as OLX Sees Healthy Growth

OLX saw a strong performance driven by motors and real estate verticals in the first six months of the 2026 financial year, according to the financial results released by parent company Prosus today.

Highlights include:

• Consolidated e-commerce revenue hit $3.6 billion for the period, up 22%, year-on-year
• Consolidated e-commerce adjusted EBITDA was $530 million for the period, up 70%
• Real Estate showed strong growth, with revenue up 26% to $92m
• Real Estate adjusted EBITDA margins increased to 45% for the period
• Revenue growth at OLX was 17% year-on-year, with a 49% adjusted EBITDA margin for the period
• Full-year e-commerce revenue of $7.3 billion n expected for FY26, at adjusted EBITDA of at least $1.1bn
• $399m free cash flow improvement, to $1.3 billion

Prosus operates a plethora of online classifieds assets around the world, including OLX Group, as well as assets in food delivery, FinTech and education in Europe, Latin America and India.

Prosus Classifieds Assets

Fabricio Bloisi, CEO, Prosus and Naspers, said:

“We are delivering as promised through strong execution, discipline and integration - driving deeper engagement with customers and unlocking new revenue streams. In Latin America, iFood is boosting revenue at our online travel business Decolar, while better execution and strategic acquisitions are strengthening our position in India. In Europe, we have invested in JET and La Centrale, which will deliver superior AI-powered consumer experiences in a high-potential market. We are building the future with AI, and already have more than 20,000 AI agents helping us scale quicker and make smarter decisions. Our focus on results and innovation, backed by our Prosus Way culture, means we’re on track to meet FY26 targets. But this is just the start, as we work to unlock an AI-first world for our 2 billion customers.”

Nico Marais, CFO, said:

"We delivered a strong first half with record revenue, profitability, and free cash flow, supported by our most profitable businesses. With this momentum, I’m confident that we’re on track to meet our FY26 guidance. Our strong balance sheet, bolstered by improving cash flows, allows us the flexibility to invest to expand and accelerate the growth of our regional ecosystems. We will continue to invest in ourselves, through the buyback, which is creating immense value for our shareholders. Looking ahead our priorities are clear: sustain peer-leading growth with expanding profitability and free-cash flow, and deploy capital strategically, through business investments, share repurchases, and ecosystem-enhancing opportunities."

OLX is the biggest real estate player in Prosus' extensive portfolio, with operations across several horizontals in Brazil, Poland, Portugal, Romania and more.

Prosus recently sold OLX Uzbekistan to the TBC Bank Group for an undisclosed sum, the latest divestment among many, including Remitly, Udemy, DoorDash, Meituan, and others. Prosus expects to divest circa $2 billion in assets in the financial year. Meanwhile, the company is purchasing shares, saying 30% of the free-floating stock was returned to the company in H1.

E-commerce revenue targets for the year are lofty, forecasted to be between $7.3bn-$7.5bn in the year, with adjusted EBITDA of up to $1.2 billion.

The company's prospectus included upcoming investments in agentic AI for internal operations.