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VK International
VK International (VKCO) investor relations material
VK International Q1 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q1 2026 earnings summary21 May, 2026
Executive summary
Daily audience reached 87.8 million, up 9 million year-over-year, with users spending 6.9 billion minutes daily on VK services, a 29% increase year-over-year.
Revenue grew 6% year-over-year to 37.6 billion RUB in Q1 2026, with all operating segments posting revenue growth and positive EBITDA margins.
Adjusted EBITDA increased 27% year-over-year to 6.4 billion RUB, with margin rising to 17%.
Net debt decreased by 20 billion RUB to 62 billion RUB, with a Net Debt/EBITDA ratio of 2.6.
EBITDA forecast for 2026 raised to over 24 billion RUB, reflecting management's expectations as of May 21, 2026.
Financial highlights
Revenue rose 6% year-over-year to 37.6 billion RUB in Q1 2026.
Adjusted EBITDA increased 27% year-over-year to 6.4 billion RUB, with EBITDA margin up to 17%.
All operating segments delivered positive EBITDA margins.
Net debt reduced to 62 billion RUB by end of April 2026.
VK Tech revenue grew 59%, educational services for children up 23%, in-stream video ad revenue up 28%, and large business online ad revenue up 4%.
Outlook and guidance
EBITDA forecast for 2026 raised to over 24 billion RUB.
Growth expectations supported by double-digit increases in video advertising and rapid expansion in VK Tech and educational services.
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Latest events from VK International
- Revenue up 8% YoY to RUB 160.0 bn, EBITDA margin at 14%, and net debt halved.VKCO
Q4 202519 Mar 2026 - Revenue up 10% YoY to RUB 111.3 bn, all segments profitable, and EBITDA seen above RUB 20 bn.VKCOQ3 20252 Dec 2025
- Revenue up 13% YoY, adjusted EBITDA at RUB 10.4 bn, but going concern risk persists.VKCOQ2 202513 Aug 2025
- 21% revenue growth and record user engagement driven by digital and tech segments.VKCOQ3 202413 Jun 2025
- 23% revenue growth in H1 2024 was offset by a RUB 24.6 bn net loss and liquidity risks.VKCOQ2 202413 Jun 2025
- Q1 2025 revenue up 16% YoY, adjusted EBITDA up 4.7x, all segments profitable.VKCOQ1 20256 Jun 2025
- Revenue rose 23% in 2024, but net loss deepened amid high costs and financial risks.VKCOQ4 20245 Jun 2025
Next VK International earnings date
Q2 202612 Aug, 2026
VK International
Next VK International earnings date
Q2 202612 Aug, 2026
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Amina0781App Store
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@theshortbearx.com
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