Mail.Ru Group Limited Unaudited IFRS Results for Q2 2018

MOSCOW, July 27, 2018 /PRNewswire/ --

Mail.Ru Group Limited (MAIL.IL, hereinafter referred to as "the Company" or "the Group"), one of the largest Internet companies in the Russian-speaking Internet market, today releases unaudited IFRS results and segment financial information for the three and six months ended 30 June 2018.

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Performance highlights* 

        
        - Three months ended 30 June 2018
             - Q2 2018 Group aggregate segment revenue grew 30.2% Y-o-Y to RUR 17,077 million.
             - Q2 2018 Group aggregate segment EBITDA declined 13.3% Y-o-Y to RUR 3,659 million.
             - Including one-off non-cash impairment charge of RUR 1,698 million Q2 2018 Group
             aggregate net profit declined 76.4% Y-o-Y to RUR 633 million. Ex this charge, net
             profit declined 13.1% Y-o-Y.
        - Six months ended 30 June 2018
             - H1 2018 Group aggregate segment revenue grew 29.0% Y-o-Y to RUR 33,577 million.
             - H1 2018 Group aggregate segment EBITDA declined 17.0% Y-o-Y to RUR 7,652 million.
             - Including one-off non-cash impairment charge of RUR 1,698 million H1 2018 Group
             aggregate net profit declined 51.2% Y-o-Y to RUR 3,039 million. Ex this charge,
             net profit declined 24.0% Y-o-Y.
        - Net cash position as of 30 June 2018 was RUR 8,565 million.

Key Recent Developments 

        
        - Initial launch of VK Pay: a user feature for money transfers to friends,
          communities, bloggers and businesses and a business eco-system tool for social
          commerce.
        - VK introduced video and voice calls.
        - VK released multiple updates for Messages: chat-bots for group chats, public channels,
          ability to grant admin rights to other chat members, etc.
        - VK announced Nemesis, an AI-based original content protection algorithm.
        - VK re-launched Polls service.
        - VK launched dedicated FIFA World Cup 2018 newsfeed together with a special football
          widget and official community chat-bot.
        - OK apps on iOS and Android were updated with a new video storefront and square videos.
        - OK introduced 3D virtual masks for video calls on iOS and Android.
        - OK Live app launched the feature for commenting live streams from other users and
          groups.
        - OK introduced a video store with product reviews presented in OK Market and
          opportunity to buy goods from the video player.
        - War Robots released a major update featuring new robots, weapons and map.
        - Soft launch of Evolution 2 mobile game started on Android in Russia.
        - EPICENTER XL, a cybersport tournament organized by ESforce, became the most popular
          major tournament of Dota Pro Circuit 2017-2018 on Twitch.
        - Warface announced eSports Pro League (PvP league), 1st season starts in autumn 2018.
        - Warface Console has been announced for release in September 2018.
        - Hustle Castle reached 17.5m installs since the global launch in November 2017.
        - Mail.Ru email service introduced EGO, its new product strategy: smart, useful and
          secure. EGO is the biggest update in years with a number of new features including
          smart email sorting, computer vision-based anti-phishing technology and a brand new
          UI.
        - Mail.Ru Cloud Solutions entered the PaaS market with a new scalable PaaS service for
          big data analysis.
        - Mail.Ru Cloud Solutions launched Sendbox and Askbox, paid SaaS services for creating
          newsletters and questionnaires.
        - Pandao launched live streams (shopping channels) and expanded to the CIS market.
        - Delivery Club added recommendations on the cart page.
        - Delivery Club launched the promotions center allowing restaurants to upload their own
          special offers.
        - Youla launched Jobs vertical and introduced cashbacks with reward points to sellers.
        - myTarget integrated offline retail cashback offers into online advertising campaigns.
        - Mediascope ranked Group's video network as a leader in the Russian-language Internet
          in terms of audience.
        - AppAnnie included VK and OK in the top-3 of Russia's top grossing apps.
        - Mail.Ru Games ventures and Unity Technologies announced a partnership to offer funding
          and other support to game developers.
        - Clever app was updated with "clever coins", its loyalty program and with play with the
          friends mode.

    Photo: 
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SOURCE Mail.Ru Group