Its core headline earnings were $5.0 billion, compared with $2.7 billion a year earlier, the company said.
"Our e-commerce portfolio is profitable for the first time ever, and our ongoing buyback has created significant shareholder value," said the company's interim CEO Ervin Tu in a statement.Sopa Images | Lightrocket | Getty Images Its core headline earnings were $5.0 billion, compared with $2.7 billion a year earlier, the company said.
"Our e-commerce portfolio is profitable for the first time ever, and our ongoing buyback has created significant shareholder value," said the company's interim CEO Ervin Tu in a statement. The company recently appointed the head of its food delivery business iFood as its new CEO effective from July.The group's free cash-flow roughly tripled year-on-year to $524 million, also helped by e-commerce and the performance of its key investment, Chinese tech giant Tencent.