Earnings Report /
Russia

Mail. ru Group: VK’s 3Q21 downgraded but strong profitability – Neutral-to-negative

  • On the profitability side, core C&S segment’s Q3 profitability surprised with a 49% EBITDA margin

  • Top line slightly below and EBITDA above expectations

  • C&S revenue in line, EBITDA margin of 49% better than expected

Anna Kurbatova
Anna Kurbatova

Senior Analyst, TMT & Agro

Olesya Vorobyeva
Olesya Vorobyeva

Analyst, TMT, Agro and Retail

Alfa
28 October 2021
Published by