Mail.Ru Group Q1 21 Earnings Preview - We expect a solid revenue growth
-Mail.Ru Group is due to report its Q1 21e results on April 29, 2021-We expect a strong revenue growth driven by online advertising market recovery, continuing strong performance in Games and solid ramp up of the EdTech segment
-Despite strong growth, we think that Mail.Ru Group may keep FY 21e guidance in place
Mail.Ru Group is an Internet company based in the Russian Federation. Co. operates the email service [email protected] and two IM networks in Russia - Mail.Ru Agent and ICQ. Co. operates two Russian-language online social networking sites: Moi [email protected] and Odnoklassniki.ru, and owns a strategic minority equity stake in the social network Vkontakte. Co. is also engaged in developing projects in E-commerce and operating more than 40 thematic vertical sites, targeting various user categories. Co. is also Russia's predominant online games company. Co. maintains a portfolio of online games which includes 34 MMO games and over 30 games for social networking sites.
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