HeadHunter’s revenue in the first quarter grew by 24.7% – Kommersant

The revenue of HeadHunter (hh.ru), an online recruiting company, in the first quarter of 2023 amounted to 5.55 billion rubles, which is 24.7% more than in the same period last year, follows from report companies.

In hh.ru, revenue growth is associated with the recovery of user activity and the emergence of more customers using paid services of the service, as well as an increase in average income per client in all segments.

In Russia, the company’s revenues increased by 5.11 billion rubles in the first quarter, demonstrating an increase of 24.3% yoy. According to the website, hh.ru also operates in Kazakhstan and Belarus.

In the large business segment, HeadHunter’s revenue grew by 26.6% year-on-year to RUB 1.9 billion, and in the small and medium-sized business (SME) segment — by 24.3% to RUB 3 billion. The number of users of hh.ru’s paid services grew in the first quarter by 11.1% yoy, to 271.2 thousand. Net profit for the reporting period amounted to 2.2 billion rubles, a fourfold increase yoy.

On March 15, it became known about NASDAQ’s plans to delist the securities of Russian companies – Yandex, Ozon, Qiwi and HeadHunter. HeadHunter noted that the notice of delisting will not affect the company’s operations and financial position. Securities of HeadHunter and other Russian players ceased to be traded on NASDAQ on February 28, 2022. On March 22, the company appealed the NASDAQ decision to delist.

Erdni Kagaltynov