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themoscowtimes.com
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VK Reports Record Revenue but Staggering Net Loss
Russian tech giant VK reported a net loss of 94.94 billion rubles ($1.12 billion) in 2024, despite record revenue of 147.57 billion rubles ($1.74 billion), causing a 6% share drop on the Moscow Exchange; online advertising made up nearly two-thirds of its revenue.
VK Reports Record Revenue but Staggering Net Loss
Russian tech giant VK reported a net loss of 94.94 billion rubles ($1.12 billion) in 2024, despite record revenue of 147.57 billion rubles ($1.74 billion), causing a 6% share drop on the Moscow Exchange; online advertising made up nearly two-thirds of its revenue.
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