The Amsterdam-based company reported a US$60-million adjusted earnings before interest and taxes for the six months to 30 September 2024, turning around from a loss the previous year. This includes stakes sold in China’s Trip.com and South African online fashion retailer Superbalist. The firm also agreed to sell its Romanian food delivery company, Tazz.
The CEO, Fabricio Bloisi, indicated his firm’s ambitions to collaborate with other companies to leverage its reach and incorporate AI into e-commerce. The company, listed on Euronext and valued over $100-billion, was spun out from Naspers about five years ago
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