Kion, a privately owned company headquartered in Russia and part of the MTS group, was founded in 2021 and operates with approximately 50 employees, having reported $16.1M in revenue as of 2023. Functioning as a tier 2 media tech buyer primarily focused on media and TV services, Kion is a subscription streaming service and production company that launched on April 19, 2021. The platform offers movies, TV series, and TV channels through distribution deals, alongside its own original productions known as KION Originals.
KION published several announcements on 8 November 2022. First, the company disclosed transactions made by its management and related parties. Then, it received a Sell rating from Nicholas Green of Bernstein, who lowered the target price from EUR 29 to EUR 17. However, Stefan Augustin Warburg Research recommended buying the stock, setting a target price of EUR 40, slightly lower than the previous target of EUR 41.
Kion offers 2 products in the media and telecoms services industry. Kion's product portfolio comprises of consumer electronics and media and TV services.
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Kion's revenues were less than $25M in 2023. Caretta Research has split Kion's revenue into 2 different product categories, the largest of which is video streaming. For full access to Kion's revenue breakdown subscribe to Caretta Portal.
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