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VK Group's Revenue Grows by 18% in 2022

March 3, 2022, 15:06 (UTC+3)|
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According to the company's financial results, the total segment revenue of VK Group grew by 18.2% last year and amounted to $1.2 billion (125.7 billion rubles). The net profit of the consolidated subsidiaries increased by 24.7% compared to the previous year and reached $118.7 million (12.4 billion rubles).

Revenue by segments in the fourth quarter include:

  • advertising — $137.9 million (14.6 billion rubles), up 14.7% year-on-year;
  • MMO games — $96.6 million (10.1 billion rubles), an increase of 3.3%;
  • user payments for social services (Community IVAS) — $47.8 million (5 billion rubles), an increase of 2.9%;
  • educational technologies — $33.5 million (3.5 billion rubles), an increase of 38%;
  • other revenue of the company — $35.4 million (3.7 billion rubles), growth of 25%.

The total volume of goods turnover of O2O Holding (a joint venture between VK Group and Sberbank) reached $507.6 million (53 billion rubles) in the fourth quarter (growth by 34% year-on-year).

Original (in Russian)

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