Mail.Ru Upgrades Full-Year Revenue Guidance to 27%-29%
05 September 2013 - 3:57PM
Dow Jones News
By Olga Razumovskaya
MOSCOW--One of Russia's biggest Internet companies Mail.RU
(MAIL.LN) is raising its guidance for year-on-year revenue growth
to 27%-29%, the company's Chief Financial Officer Matthew Hammond
said during a telephone call Thursday.
The previous guidance was for 25%-28%. Mr. Hammond said
contextual advertising will be the key driver behind this
growth.
Mr. Hammond also said the company is increasing its forecast of
its full-year Ebitda margin to 53%-54%, from 50%.
Write to Olga Razumovskaya olga.razumovskaya@dowjones.com
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