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VK International (VKCO) investor relations material
VK International Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2025 earnings summary20 Nov, 2025
Executive summary
Revenue for 9M 2025 grew 10% YoY to RUB 111.3 bn, with adjusted EBITDA at RUB 15.5 bn and a 14% margin.
Daily audience reached 78 million, with users spending 51 billion minutes per day, up 17% YoY.
Monthly audience reach exceeds 95% of the Russian internet segment.
All operating segments posted positive adjusted EBITDA margins, with Social platforms and media content leading at 20%.
The company expects adjusted EBITDA to exceed RUB 20 bn for the full year 2025, subject to macroeconomic and market conditions.
Financial highlights
Revenue for 9M 2025 rose 10% YoY to RUB 111.3 bn, driven by online advertising, VK Tech, and educational services.
Video advertising revenue rose 69% YoY to RUB 3.7 bn; VK Tech revenue up 39% YoY to RUB 10.7 bn; EdTech revenue up 20% YoY to RUB 5.4 bn.
Online advertising for SMEs increased 12% YoY to RUB 26.6 bn.
Social platforms and media content revenue grew 6% YoY to RUB 77.0 bn; adjusted EBITDA up 4x YoY to RUB 15.6 bn (20% margin).
Ecosystem services and other business lines revenue up 21% YoY to RUB 20.4 bn; adjusted EBITDA improved to RUB 0.5 bn (3% margin).
Outlook and guidance
Management expects adjusted EBITDA to exceed RUB 20 bn for the full year 2025, subject to macroeconomic and market conditions.
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Next VK International earnings date
Q4 202519 Mar, 2026
Next VK International earnings date
Q4 202519 Mar, 2026
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Frequently asked questions
VK Company Limited develops and operates a services ecosystem for online tasks in Russia and internationally. Its projects include social networks, games, education, goods and services, food and delivery, transport, productivity, devices and media projects for users. The company also provides marketing and advertising solutions for businesses; technology, data and analytics; education; finances; social projects solutions for businesses; and business digitizing solutions that range from online promotion to cloud services. Its ecosystem enables users to communicate, play, sell, buy goods and services; order food; find jobs and new employees; receive professional training. The company was formerly known as Mail.ru Group Limited
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