Earnings Report /

Mail. ru Group: 2Q21 results in line, guidance reiterated – Neutral

  • Mail.ru (MAIL LI, O/W, TP $42.2) reported in-line 2Q21 IFRS revenue and EBITDA.

  • Top line and EBITDA broadly in line with expectations

  • C&S revenue in line, EBITDA margin of 41% lower than expected

Anna Kurbatova
Anna Kurbatova

Senior Analyst, TMT & Agro

Olesya Vorobyeva
Olesya Vorobyeva

Analyst, TMT, Agro and Retail

29 July 2021
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