VK's net loss for the first half of 2025 under IFRS amounted to 12.67 billion rubles from 24.617 billion rubles a year earlier. The net loss from continuing operations amounted to 13.197 billion rubles against a loss of 24.717 billion rubles. Revenue increased by 12.6% to 72.567 billion rubles from 64.416 billion rubles. Adjusted EBITDA amounted to 10.4 billion rubles. compared to the negative value a year earlier. This was announced by the company.
Staff costs amounted to 30.618 billion rubles against 30.987 billion rubles, wages and related taxes – 22.416 billion rubles against 20.761 billion rubles.
VK Tech's revenue increased by 48% to RUB 6.7 billion. Revenues from video advertising on VK platforms increased by 71% to 2.3 billion rubles, while revenues from online advertising for medium and small businesses increased by 16% to 17.6 billion rubles. Revenue from educational services for children increased by 24% to 3.9 billion rubles.
The company's net debt decreased by more than 2 times and amounted to 77 billion rubles. as of the end of the first half of 2025. The weighted average interest rate on VK's debt portfolio was 8.2% at the end of the reporting period.
Revenue of VK's key segment, Social Platforms and Media Content, increased by 8% to RUB 50.5 billion. The segment "Educational technologies", represented by Agi educational platforms.<url> and Tetrica showed revenue growth of 24% to 3.9 billion rubles. Segment "Technologies for business" showed revenue growth of 48% to 6.7 billion rubles. Revenue from the Ecosystem Services and other areas segment increased by 18% to RUB 12.8 billion.
VK is a Russian technology company. VK products and services are used by more than 95% of the Runet audience. The company is also developing a set of products and services for the digitalization of business processes, from online promotion and predictive analytics to corporate social networks, cloud services and enterprise automation.
VK's loss under IFRS for 2024 amounted to 94.948 billion rubles against a loss of 34.291 billion rubles a year earlier. EBITDA is more negative – 4.92 billion rubles. Revenue increased by 23% to RUB 147.6 billion.
VK's revenue for the first quarter of 2025 increased by 16% to 35.5 billion rubles. Adjusted EBITDA increased 4.7 times to RUB 5 billion.
