MOSCOW :Russian internet group VK downgraded its full-year revenue guidance to 124-127 billion roubles on Thursday, citing slowing growth after a surge in pandemic demand.The company, which owns the popular Vkontakte and Odnoklassniki social networking websites, expanded its e-commerce services and games division last year as the pandemic boosted demand for online purchases and entertainment.Known as Mail.
Revenue from edtech jumped 56per cent year-on-year to 2.5 billon roubles, supported by expanded course offering, which VK said helps drive paying user growth.
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