Mail.Ru Group Limited Youla monetization starts, first results with 2 million roubles daily revenue 1 month after launch
Mail.Ru Group Limited (MAIL.IL, hereinafter referred as "the Company" or "the Group"), one of the largest Internet companies in the Russian-speaking Internet market is today ready to announce the initial results of Youla monetization launch.
In one month since the launch, Youla is reaching 2 million roubles of daily revenue.
Commenting on the progress made by Youla, Boris Dobrodeev, CEO (Russia) of Mail.Ru Group, said:
"Youla has been launched as an internal start-up with an idea to offer all our users a simple mobile-first location based C2C marketplace to buy and sell goods. Since launch the team has been concentrating on the product, developing user engagement. Now the time has come for first monetization moves and initial results are very encouraging. We are pleased that first monetization moves demonstrate unprecedentedly fast pace. We will be further driving the growth while starting to capitalize this success".
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