VK boosts revenue 19% to 39.4 bln rubles in Q3

MOSCOW. Nov 21 (Interfax) - VK boosted revenue 19% year-on-year to 39.4 billion rubles in Q3 2024, the IT holding said in a financial statement.

The result exceeded the Interfax consensus forecast that had projected the company to generate revenue of 38.8 billion rubles in the reporting period.

VK increased revenue 21% year-on-year to 109.6 billion rubles in 9M 2024.

VK said that growth in online advertising was the main source of revenue, rising 19% year-on-year to 65.9 billion rubles in 9M 2024.