MTS Announces 2Q 2024 results

• 2Q 2024 Consolidated Group Revenue increased by 18.5% year-over-year to RUB 170.9 bn.
• 2Q 2024 Group OIBDA rose 5.0% year-over-year to RUB 65.4 bn.
• 2Q 2024 Group Net Profit amounted to RUB 7.2 bn (-57.2% year-over-year)

Moscow, August 22, 2024 — Mobile TeleSystems Public Joint Stock Company («MTS» or «the Company) (MOEX: MTSS), a digital ecosystem, announces it second-quarter 2024 financial and operating results. In 2Q 2024, consolidated Group revenue rose 18.5% year-over-year to RUB 170.9 bn on the back of increased revenue across all business lines. Group OIBDA in the reporting period increased by 5.0% to RUB 65.4 bn, driven by higher revenue in the Telecom, Media and Adtech business lines in addition to excellent performance in Fintech. OIBDA growth was constrained by investments in high-potential business streams. The Group’s net profit in 2Q 2024 was RUB 7.2 bn.

Viacheslav Nikolaev, President and CEO, commented:

«Our most significant corporate event of the first half of the year was the consolidation of our media assets into a single holding company, MTS Media, which will focus on developing large-scale franchises and partnerships across all platforms. The first example of this kind of synergy was our exclusive-content universe based on the novel The Master and Margarita, which we presented across five different ecosystem services.

Our kicksharing service, MTS Urent, continues to thrive as part of our ecosystem. Scooter rides completed by users with a Premium subscription already make up 65% of all rides taken on the platform. Some 1.2 million unique Premium subscribers have taken at least one ride, a number that has continued to grow considerably throughout July and August.

In May, we hosted our MTS Platform 2024 and True Tech Day conferences, which showcased new services and technologies. Given the tremendous interest in the events, we have decided to hold them on a regular basis.

We remain committed to exploring innovative solutions and technologies that will enhance our existing arsenal of online and offline services. We plan to make significant investments in R&D in the coming years, which will enable us to maintain and strengthen our technological leadership.»