1. Homepage
  2. Equities
  3. United Kingdom
  4. London Stock Exchange
  5. VK Company Limited
  6. News
  7. Summary
    MAIL   US5603172082

VK COMPANY LIMITED

(MAIL)
  Report
Delayed London Stock Exchange  -  02:00 2022-03-03 am EST
0.8560 USD   -.--%
05/24Russian Internet Company VK Appoints Gazprom Exec to Chair the Board
MT
05/24VK COMPANY : Appointment of a Chairman of the Board of Directors
EQ
05/24VK Company Limited Announces Changes to the Board
CI
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Mail ru : Russia's Mail.ru Q3 revenue jumps 19.9% helped by gaming

10/26/2020 | 02:48am EDT

Oct 26 (Reuters) - Russian internet group Mail.ru on Monday reported a 19.9% rise in third-quarter revenue as lockdowns boosted gaming though growth slowed from the second quarter as restrictions eased.

Mail.ru, which owns the popular Vkontakte and Odnoklassniki social networking websites, generates the bulk of its revenue from advertising and games.

The London-listed company reported total revenue of 26.37 billion roubles ($344.90 million). Gaming revenue jumped 33.8%, easing from a rise of 47.7% in the second quarter. Net profit fell 19.5% year-on-year to 2.84 billion roubles.

Mail.ru expects gaming revenue to grow by about 30% in 2020, as it expands the segment.

Earlier this month, its My.Games unit agreed to take a controlling stake in Russian game developer Deus Craft for up to $49.1 million.

Mail.ru said consolidation of Deus Craft had contributed to the growth in gaming revenue. Excluding Deus Craft's contribution, total revenue rose by 16.2% to 25.55 billion roubles.

Advertising revenue increased 5% year-on-year with activity gradually recovering in the third quarter, it said.

The company expects 2020 revenue to reach 103 billion roubles, within the range it forecasted prior to the pandemic.

($1 = 76.4562 roubles) (Reporting by Anna Rzhevkina and Olga Vyshnevska; editing by Jason Neely, Kirsten Donovan)


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
VK COMPANY LIMITED 0.00% 0.856 Delayed Quote.-92.61%
YANDEX N.V. -6.79% 18.94 Delayed Quote.-68.69%
All news about VK COMPANY LIMITED
05/24Russian Internet Company VK Appoints Gazprom Exec to Chair the Board
MT
05/24VK COMPANY : Appointment of a Chairman of the Board of Directors
EQ
05/24VK Company Limited Announces Changes to the Board
CI
05/12Russian Internet Group VK Chair Resigns
MT
05/12VK COMPANY : Change to the Board of Directors
EQ
05/12Vk Company Limited Announces Resignation of Dmitry Grishin as Chairman and Non-Executiv..
CI
04/28VK has reached an agreement in principle to acquire Yandex News and Yandex Zen
EQ
04/28VK : 1Q22 ESG Highlights
PU
04/28VK Company Limited unaudited results for Q1 2022
EQ
04/28VK Company Limited Reports Earnings Results for the First Quarter Ended March 31, 2022
CI
More news
Financials
Sales 2022 150 B 1 991 M 1 991 M
Net income 2022 -1 074 M -14,3 M -14,3 M
Net Debt 2022 - - -
P/E ratio 2022 -
Yield 2022 -
Capitalization 14 582 M 194 M 194 M
Capi. / Sales 2022 0,10x
Capi. / Sales 2023 0,08x
Nbr of Employees 6 334
Free-Float 86,5%
Chart VK COMPANY LIMITED
Duration : Period :
VK Company Limited Technical Analysis Chart | MarketScreener
Full-screen chart
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 3
Last Close Price 64,48 RUB
Average target price 2 401,84 RUB
Spread / Average Target 3 625%
Managers and Directors
Vladimir Sergeevich Kiriyenko Chief Executive Officer
Sergei Vladimirovich Kupriyanov Chairman
Denis Anikin Chief Information Officer
Igor Yermakov Deputy Chief Technology Officer
Alexey Milevskiy Chief Investment Officer
Sector and Competitors
1st jan.Capi. (M$)
VK COMPANY LIMITED-92.61%194
DENTSU INC.2.56%8 357
THREE'S COMPANY MEDIA GROUP CO., LTD.-7.37%1 639
ECHOMARKETING CO.,LTD.-17.37%345
ADWAYS INC.-18.14%199
NASMEDIA CO., LTD.-32.83%176