Yandex News

MOSCOW, RUSSIA and AMSTERDAM, THE NETHERLANDS / ACCESSWIRE / October 27, 2021 / Yandex (NASDAQ and MOEX:YNDX), one of Europe’s largest internet companies and the leading search and ride-hailing provider in Russia, today announced its unaudited financial results for the third quarter ended September 30, 2021. Q3 2021 Financial and Operational Highlights 1,2 In RUB millions Three months ended September 30, 2020 2021 Change Total Revenues 59,882 91,305 52% Total Group on a Online Ad Revenues 33,598 42,605 27%

Russian internet group Yandex has appointed Dmitry Ivanov as its Chief Sustainability Officer. Prior to this appointment, Ivanov was an executive sponsor of a variety of corporate sustainability initiatives and was a coordinator of the Helping Hand, a community initiative launched in 2020 that focuses on leveraging Yandex’s services to assist vulnerable groups across its biggest markets. Source link

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

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

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

[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

(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