KION, a privately owned Russian company founded in 2021, is a subscription-based streaming service and production company. Operating as part of the MTS group, KION offers a catalog of movies, TV series, and TV channels acquired through distribution agreements. It also produces original content under the "KION Originals" banner. As of 2023, the company employs approximately 50 people, and its annual revenue is below $25 million. Its headquarters are located in Russia.
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 streaming 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 streaming. For full access to Kion's revenue breakdown subscribe to Caretta Portal.
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