SCHIPHOL, Netherlands (AP) _ Yandex NV (YNDX) on Wednesday reported a loss of $46.5 million in its third quarter. On a per-share basis, the Schiphol, Netherlands-based company said it had a loss of 13 cents. Earnings, adjusted for non-recurring costs, came to 5 cents per share. The Russian search engine posted revenue of $1.25 billion in the period. _____ … Source link

The blank check company that announced a planned merger to take former President Trump’s social media project public has seen shares give back about half of their impressive 1200% rally from last week. Shares of Digital World Acquisition Corp. (DWAC) at Tuesday’s close were down by about 57% from Friday’s peak as investors weighed potential risks that exist beyond believing the company will be able to deliver on building out Trump’s social media platform as promised. Beyond that, there’s the… Source link

[unable to retrieve full-text content]Yandex EPS beats by $0.33, revenue in-line  Seeking Alpha Source link

MOSCOW, Oct 27 (Reuters) – Russian internet giant Yandex on Wednesday reported an 82% year-on-year drop in third-quarter adjusted net income, in part due to investments in e-commerce, but raised its 2021 group revenue forecast to 340-350 billion roubles ($4.84-$5 billion). Yandex, which is spending $650 million on an e-commerce drive this year, said gross merchandise volume (GMV) for its e-commerce businesses jumped 214% year-on-year to 41 billion roubles. Adjusted net income fell to 1.34… Source link

Reconciliation of financial results on a like-for-like basis including Yandex.Market to U.S. GAAP financial results In RUB millions Three months ended Nine months ended September 30, September 30, 2020 2021 Change 2020 2021 Change Revenues ... Source link

— In September 2021, Yandex paid RUB 58.4 billion* (USD0.8 billion) in cash under the agreed payment termsand following the completed milestones of the recently announced transaction with Uber. The remaining part ofconsideration will be paid upon the completion of the deal. *at the exchange rate as of payment date. Segment financial results Search & Portal Our Search and Portal segment includes Search, Geo, Yandex 360, Weather, News, Travel, Alice voice assistant and a… Source link

Google has launched a new safety feature that lets under-18s request the removal of images of themselves from the company’s search results. The feature was originally announced in August (along with new restrictions of ad targeting of minors) but is now widely available. Anyone can start the removal process from this help page. Applicants will need to supply the URLs of images they want removed from search results, the search terms that surface those images, the name and age of the… Source link

(Adds detail) MOSCOW, Oct 27 (Reuters) – Russian internet giant Yandex on Wednesday reported an 82% year-on-year drop in third-quarter adjusted net income, in part due to e-commerce investments, but raised its full-year group revenue forecast for a second time. The rapidly expanding company, which is spending $650 million on an e-commerce drive this year, offers services ranging from advertising to ride-hailing and food delivery. It now expects group revenue this year of 340-350 billion roubles… Source link

Check out what’s clicking on FoxBusiness.com. A continued rebound in digital ad spending at Google drove its parent company’s profit up 68% in the third quarter. Mountain View, California-based Alphabet Inc. said Tuesday that it earned $18.94 billion, or $27.99 per share, in the July-September period. Revenue rose 41% to $65.12 billion. GET FOX BUSINESS ON THE GO BY CLICKING HERE Analysts polled by FactSet expected earnings of $23.73 per share on revenue of $63.53 billion. Shares… Source link

Google’s advertising business brought in $53.1 billion during the third quarter, up from $37.1 … [+] billion during the same period last year. Getty Images While some advertising-funded internet giants like Facebook and Snap Inc. are feeling the brunt of Apple’s recent data privacy changes, Google seems less worried. Today, Google parent Alphabet Inc. reported a record $65.1 billion in revenue during the third quarter of 2021, with the company’s… Source link