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Files under: News, Tech, Web 2.0
Posted by: Quintura @ 06:35 [24. 06. 10]
 Russia’s leading online portal company, Mail.ru has reported total revenues of US$ 126.4 million in 2009, up 67% from 2008, according to International Accounting Standards, the company reported. In Russian Rubles, Mail.ru doubled ts revenues last year. Mail.ru’s EBITDA reached $55.5 million in 2009, up 23% from 2008. The Mail.ru‘s EBITDA margin was 44%. Most of the revenues came from display advertising and contextual ads with the rest contributed by online games, mobile value-added services, partnerships and listing fees.
Russia’s leading Internet company and search engine Yandex reported revenues of $274 million in 2009.
Both Mail.ru and Yandex may do IPO on either Nasdaq or LSE in 2010.
Mail.ru‘s revenue and EBITDA growth was due to both own operations and acquistions. In 2009, Mail.ru consolidated in its financial results the financials of online games group Astrum Online Entertainment, which Mail.ru acquired in December 2009. The online game services contrubuted more than 20% to Mail.ru‘s revenues in 2009.
Mail.ru is majority owned by DST (Digital Sky Investtments), the investor in Facebook, Zynga, Groupon and many others. Moscow-headquartered Mail.ru has domestic offices in 8 other Russian cities and foreign representative offices in Germany and the Ukraine.
The Russian online advertising market reached over $700 million in 2009. The Russian online games market increased to $238 million last year.
Tags: Mail.ru DST, Mail.ru EBITDA, Mail.ru IPO, Mail.ru revenues, Mail.ru revenues 2009, Yandex IPO, Yandex revenues
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