Earnings Report /

QIWI: Reports expectedly unimpressive 3Q21 numbers, announces USD0.30 DPS - NEUTRAL

  • QIWI reported expectedly weak 3Q21 results with total net revenue from continued operations up only 2% y/y

  • Payment Services returns to negative zone with net revenue down 4% y/y

  • Corporate and Other segment posted material 26% growth, though losses deepened q/q

Anna Kurbatova
Anna Kurbatova

Senior Analyst, TMT & Agro

Olesya Vorobyeva
Olesya Vorobyeva

Analyst, TMT, Agro and Retail

23 November 2021
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