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Mail.Ru Group Ltd

Mail.Ru Group Limited provides various online communications products and entertainment services for Russian speakers worldwide.

Industry: Software & Computer Services

Ticker Exchange ISIN
$MAIL LSE Int. Main Market US5603172082
$61HE LSE Int. Main Market US5603171092

Twit about 61HE stock

Latest twits on Mail.Ru Group Ltd (61HE)

5

Robert Sheridan 02 Nov 2020, 08:21

$MAIL Disposal is part of Mail.ru Group's strategy to focus on development of core assets where international travel is perceived as non-core.

So the fact that Mail.ru cannot utilize such a strong asset is raising questions, especially given the fact that maps is not just for travel but could be used in Taxi service Citymobil which is being actively developed by Mail.ru #negative

5

Robert Sheridan 02 Nov 2020, 08:21

$MAIL Mail.ru Group sold MAPS.ME, a mobile maps and navigation service based on OpenStreetMap data, to Daegu Limited (member of Parity.com Group) for RUB 1,557million. Mail.ru Group acquired MAPS.ME in 2014 for RUB 542 million.

MAPS.ME app has surpassed 140 million installs and has 10 million monthly active users. In 2019, MAPS.ME revenue amounted to RUB 159 million with an EBITDA loss of RUB 25 million.