The net profit of the Headhunter group for the first quarter of 2025 amounted to 3.428 billion rubles against 4.893 billion rubles a year earlier (-29.9%). This is evidenced by the company's data.
Adjusted net profit decreased by 13% to RUB 4.365 billion. The decrease is due to a slowdown in revenue growth and a reduction in interest income from deposits after the payment of a special dividend in the fourth quarter of 2024.
Revenue increased by 11.7% to 9.639 billion rubles from 8.628 billion rubles. HR-Tech segment revenue increased by 179.5% and reached 528 million rubles, while non-organic growth from HR-Link consolidation amounted to 257 million rubles.
Adjusted EBITDA decreased by 1.9% to RUB 4.934 billion.
Staff costs increased by 703 million rubles, or 40.4%, to 2.44 billion rubles from 1.74 billion rubles. The increase was due to an increase in the number of employees and salaries, the consolidation of HRlink, as well as the application of a preferential rate for IT companies of 7.6% for the entire salary base from January 1, 2025 (against a progressive scale from 0% to 7.6% in 2024).
HeadHunter is a Russian HR—Tech company that is used by over 50 million users and 600 thousand companies. In addition to the online job search and employee search platform, the company is developing an integrated ecosystem of products in the field of development, training and networking, as well as in the field of integrated HR automation.
Revenue of MCPAO Headhunter in 2024 increased by 34.5% year-on-year and amounted to 39.619 billion rubles. The adjusted figure was 23.229 billion rubles. or 58.6% of the revenue. Net profit increased by 92.7% to RUB 23.88 billion from RUB 12.39 billion.
