Prosus Dips as Just East, iFood Guidance Is Weaker Than Expected

Prosus NV fell to the lowest in more than a year after the Dutch technology investor released an update that analysts said showed the guidance for food-delivery units Just Eat Takeaway.com and iFood was weaker than expected.

Prosus is targeting $3.6 billion in revenue from Just Eat in a year as it looks to boost efficiency in its European food-delivery business at a time of rapid consolidation in the sector, Chief Executive Officer Fabricio Bloisi said in a shareholder letter released Tuesday.