“Cyan” revenue in the second quarter grew 40%. The main contribution to this was made by Cyan’s core business, in general, the company added in all key financial indicators: a net loss last year was replaced by a profit this year.
“Cyan” in the second quarter of 2023 increased revenue by 40%. This is stated in a press release on the fact of the company’s financial statements.
The largest contribution to revenue growth was made by Cyan’s core business: ad placement, lead generation and media advertising. This segment brought the company 2.5 billion rubles, its revenue grew by 42% year-on-year.
Adjusted EBITDA increased by 23% to 590 million rubles, while the indicator’s profitability decreased by 3 percentage points to 22.2%.
Cyan ended the second quarter with a profit of 404 million rubles; a year earlier, the company worked in the same period with a loss of 433 million rubles.
Author:
Kirill Bilyk
Source: RB
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