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Mail.Ru Group Limited Unaudited IFRS Results for Q2 2018

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Mail.Ru Group Limited Unaudited IFRS Results for Q2 2018

PR Newswire

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.

SOURCE Mail.Ru Group

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