Petting Zoo // VK reported quarterly revenue growth of almost 40%
[ad_1]
VK reported that in the first quarter, the revenue of both the group as a whole and its main segments individually increased. The company’s activities brought 27.3 billion rubles. for the quarter, 21.5 billion of which are accounted for by the segment of social networks and content services, in particular Zen, acquired from Yandex last year. The Group attributed the results in the segment to growth in online advertising revenue. VK, however, did not disclose its debt load, and analysts anticipate the holding’s large capital expenditures on infrastructure development.
[ad_2]
Source link