VK Reports Triple Net Loss Despite Record Revenue in 2024 - The Moscow Times
www.themoscowtimes.com
Russian tech giant VK posted a staggering net loss of 94.94 billion rubles ($1.12 billion) in 2024 — nearly three times the 34.29 billion rubles ($405 million) it lost in 2023 — despite achieving record-high revenue, according to its annual report published Thursday.

Russian tech giant VK posted a staggering net loss of 94.94 billion rubles ($1.12 billion) in 2024 — nearly three times the 34.29 billion rubles ($405 million) it lost in 2023 — despite achieving record-high revenue, according to its annual report published Thursday.

  • citizen4509@lemmy.worldEnglish
    3·
    22 hours ago

    I can imagine russian authorities saying “See American technology sucks! We have better technology!” while being completely lie.