VK Reports Triple Net Loss Despite Record Revenue in 2024 - The Moscow Times
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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.