VK's revenue for the first half of 2024 increased by 23% compared to the first half of 2023 to 70.2 billion rubles. The main source of growth was revenue from online advertising, which increased by 20% to 42 billion rubles. VK's non-advertising revenue increased by 27% to RUB 28.2 billion. This is stated in the company's message.
The Educational Technologies segment showed revenue growth of 26.8% to RUB 8.9 billion. The Technology for Business segment showed revenue growth of 49.4% to 4.5 billion rubles. Revenue from the Ecosystem Services and Other Areas segment increased by 13.9% to RUB 11.2 billion. The revenue of the Social Platforms and Media Content segment increased by 22.9% and reached 46.2 billion rubles.
VK's revenue for the second quarter of 2024 increased by 21% compared to the second quarter of 2023 to 36.4 billion rubles.
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 digitalization of business processes - from Internet promotion and predictive analytics to corporate social networks, cloud services and enterprise automation.
VK's revenue for the first quarter of 2024 increased by 24% to 33.8 billion rubles. compared to the first quarter of 2023. The main source of growth was revenue from online advertising, which increased by 21% to RUB 19.8 billion.
