Prosus Nv Sp/Adr

Hello, partners. How are you? Welcome to our results call. I hope you received and you enjoyed our results today. I'm quite excited to what we shared today. At the same time, we could share a little more about our growth. Not only that we are growing 20%, but even more important that our ecosystem thesis is working. So I enjoyed very much to share the numbers of Despegar. It's not only 5% of Desperate AI revenue coming from the iFood ecosystem, but we share the data week by week. You can see a very strong growth. I'm quite confident we'll get to 10%, 15% in the short term. So this is the base of our thesis, our ecosystem thesis. We are growing very fast in iFood, but we're pushing Desperate AI to grow together. At the same time, we could share a little of our numbers in terms of results. You saw we grew 70% to $530 million. I think it's great to share this number with you. One year ago, I told you I expect us to have more profit than a decent difference, and I expect us to get to multiple billion dollars of profit. And many people said, I can't see process doing that. So hope you can see process doing that today. We are going to get between $1.1 to $1.2 billion in profit this year, excluding jet and la central so we can expect a little bit two three four billion dollars of uh initiative this year and fourth floor couple billion dollars of profit in the next few years so i'm quite excited about our numbers in terms of results we keep the discipline we sold 1.2 billion but we are on track to sell at least 2 billion dollars these years of our assets we keep our buyback now so we bought back more than 40 billion dollars generate more than 60 60 billion dollars results uh so i think we keep the discipline we keep the growth but i want to reinforce all of that is the foundation to how we are going to build a much bigger company so innovation is growing amazingly well at uh bros i i wanted to do a bigger session innovation now but because of the timing decided to focus on numbers today but In a few weeks, by December 15, maybe January 15, we are going to make a much longer presentation on how AI is changing our lives in terms of life commerce models, in terms of assistance. You saw we had 20,000 assisted already. So I could talk a lot about innovation. Hope you make questions about that. It's quite exciting. So our moment now is execution, execution, execution. We have some discipline also in M&As. A few M&As are focusing growth. For example, the Indian ones, Ixibo and Hapdo, they are growing. Hapdo is growing more than 120% year over year. We are very excited about that. A few M&As are increasing our profitability, like La Central, Jet, and Despergar. So I think the company is doing good. I'm excited about the results. Hope you have many exciting questions for us today. And my priority now, execute both of those few billion dollars in results. We are just getting started. We really want to build at least $100 billion outside of Tencent and one of the best tech companies in the world. Let's talk more about that today. So let's go for our questions.

Mr. Owen, guide us. Speaking of just getting started, let's get started on the Q&A, shall we? Catherine, why don't you, if you could, remind the audience how to ask questions, please. And then I'll start off with a quick question. So please, Catherine.

Ladies and gentlemen, we will now begin our Q&A session. If you have a question, we ask that you please use the raise hand function at the bottom of your Zoom screen. Once called upon, please unmute your audio to ask your question. If you have joined via a phone line, please press star nine to enter the queue and star six to unmute once called upon.