Date: 7 months ago   Category: IT & Media

The revenue of VKontakte in the III quarter has grown by 45% — to 4,4 billion rubles — Rambler News Service


The revenue of social network "VKontakte" following the results of the III quarter 2018 has grown by 45%, to 4,42 billion rubles, Mail.Ru Group which the social network enters, at the announcement of financial results on IFRS has reported. "The revenue of VKontakte has grown by 45% year-on-year, having made 4429 million rubles. Already by the end of 2018 revenue of VK will be twice higher, than two years ago. In Mail.Ru Group expect that will be able to double once again the revenue of VKontakte in the next 3-4 years" — Mail.Ru Group has reported. Earlier Mail.Ru Group has reported that the net profit of the company according to IFRS in the III quarter 2018 in comparison with the same period of last year has decreased by 0,6%, to 2,74 billion rubles. The revenue of the company has grown by 32% year-on-year and has made 17,7 billion rubles, EBITDA indicator — for 6%, having made 4,3 billion rubles.

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