Prosus seeks $3.6bn from Just Eat in food-delivery expansion
▼ Summary
– Prosus set a $3.6bn annual revenue target for Just Eat Takeaway, the European food-delivery business it acquired for €4.1bn in 2025.
– The company plans to improve operational efficiency and accelerate consolidation in the European delivery market, where it competes with Delivery Hero and Uber Eats.
– Just Eat’s core European markets—Germany, the Netherlands, and the UK—are expected to deliver most of the revenue target, while smaller markets are positioned as growth opportunities.
– The strategy update follows Prosus’s divestment of 4.5% of Delivery Hero to Uber to meet European Commission regulatory commitments.
– Prosus CEO Fabricio Bloisi said the integration focuses on building a category-defining European platform through consolidated buying power and a coherent technology stack.
Prosus has laid out a bold revenue ambition for its newly acquired European food-delivery giant, targeting $3.6 billion annually from Just Eat Takeaway. The figure, disclosed in a strategy update on Tuesday, represents the near-term commercial goal for the business the Naspers-controlled investor purchased for €4.1 billion last year and has spent the past nine months integrating.
The company plans to sharpen operational efficiency and drive consolidation across the European delivery market, where it now competes alongside Delivery Hero, Uber Eats, Wolt, and a fragmented field of regional players. The food-delivery division is helmed by CEO Fabricio Bloisi, who took the reins after the acquisition closed in late 2025. Just Eat Takeaway operates across the UK, the Netherlands, Germany, and multiple other European markets. Bloisi has previously emphasized that integration efforts would center on product, customer experience, and innovation across these geographies.
This strategic update follows last week’s divestment by Prosus of a 4.5% stake in Delivery Hero to Uber, a move tied to regulatory commitments made to the European Commission after it cleared the Just Eat deal in August 2025.
Prosus stated that Just Eat’s core European markets,Germany, the Netherlands, and the UK,will generate the majority of the $3.6 billion target. Smaller markets in southern and eastern Europe are seen as growth opportunities rather than cash engines, with the company keeping the option to sell assets where consolidation has proven slow.
The announcement came from Cape Town as part of a broader Prosus strategy presentation covering its edtech, payments, and classifieds portfolios. Group revenue from consolidated e-commerce businesses reached €6.2 billion in the most recent fiscal year, with food delivery as the largest contributor.
CEO Fabricio Bloisi said integration is already yielding operational improvements. “We are focused on building Just Eat into a category-defining European platform,” he said. “The combination of consolidated buying power, deep operational expertise, and a coherent technology stack across markets is what will unlock the next phase.” Prosus did not provide a timeline for achieving the $3.6 billion target or a 2026 capital expenditure forecast for the business.
The figure provides a meaningful benchmark. Just Eat Takeaway reported roughly €5 billion in group gross merchandise value in 2024, with revenue running materially lower under its previous independent ownership. The $3.6 billion target sits within the range analysts have used to model the integrated business, but at the higher end of consensus.
Prosus also said it will continue evaluating selective M&A opportunities across European delivery and adjacent technology sectors, though it did not name specific deals. The company holds roughly $19 billion in available cash and proceeds from prior divestments to deploy. Shares in Prosus traded modestly higher in Amsterdam following the announcement.
(Source: The Next Web)
