Yandex News

Russian internet giant Yandex has raised its 2021 revenue forecast, saying that strong growth in newer business areas such as e-commerce and food delivery pushed advertising’s share of group revenues below 50% for the first time. Yandex’s advertising and search business, still the driving force of its profits, has recovered from a hit during the early stages of the COVID-19 pandemic. At the same time, its revenue growth has been outpaced by the newer business… Source link

(Adds detail) MOSCOW, April 29 (Reuters) – Yandex said on Thursday it had agreed to buy mid-sized bank Acropol for 1.1 billion roubles ($14.8 million), a move that will secure a banking licence for the Russian internet company so that it can develop financial services. Yandex has sought a means to develop its fintech offering after its split from a joint venture with state lender Sberbank last summer meant it ceded control of e-payment service Yandex.Money. In October, a $5.48 billion… Source link

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[unable to retrieve full-text content]Yandex (YNDX) CEO Tigran Khudaverdyan on Q1 2021 Results – Earnings Call Transcript  Seeking Alpha Source link

InvestorsObserver gives Yandex NV (YNDX) a strong valuation score of 73 from its analysis. The proprietary scoring system considers the underlying health of a company by analyzing its stock price, earnings, and growth rate. YNDX currently holds a better value than 73% of stocks based on these metrics. Long term investors focused on buying-and-holding should find the valuation ranking system most relevant when making investment decisions. YNDX gets a 73 Valuation Rank today. Find out what… Source link

SCHIPHOL, Netherlands (AP) _ Yandex NV (YNDX) on Wednesday reported a first-quarter loss of $53 million, after reporting a profit in the same period a year earlier. On a per-share basis, the Schiphol, Netherlands-based company said it had a loss of 14 cents. Earnings, adjusted for non-recurring costs, were 8 cents per share. The Russian search engine posted revenue of $966.1 million in the period. Yandex expects full-year revenue in the… Source link

April 28, 2021Updated: April 28, 2021 7:32 a.m. SCHIPHOL, Netherlands (AP) _ Yandex NV (YNDX) on Wednesday reported a first-quarter loss of $53 million, after reporting a profit in the same period a year earlier. On a per-share basis, the Schiphol, Netherlands-based company said it had a loss of 14 cents. Earnings, adjusted for non-recurring costs, were 8 cents per share. The Russian search engine posted revenue of $966.1 million in the period. … Source link

April 28, 2021Updated: April 28, 2021 5:32 a.m. SCHIPHOL, Netherlands (AP) _ Yandex NV (YNDX) on Wednesday reported a first-quarter loss of $53 million, after reporting a profit in the same period a year earlier. On a per-share basis, the Schiphol, Netherlands-based company said it had a loss of 14 cents. Earnings, adjusted for non-recurring costs, were 8 cents per share. The Russian search engine posted revenue of $966.1 million in the period. … Source link

April 28, 2021Updated: April 28, 2021 5:32 a.m. SCHIPHOL, Netherlands (AP) _ Yandex NV (YNDX) on Wednesday reported a first-quarter loss of $53 million, after reporting a profit in the same period a year earlier. On a per-share basis, the Schiphol, Netherlands-based company said it had a loss of 14 cents. Earnings, adjusted for non-recurring costs, were 8 cents per share. The Russian search engine posted revenue of $966.1 million in the period. … Source link

(Adds dropped country code) MOSCOW, April 28 (Reuters) – Russian internet giant Yandex on Wednesday reported a 43% drop in first-quarter adjusted net income compared with last year but raised its 2021 revenue forecast as the recovery in its core advertising business continued after an early pandemic hit. The advertising business was hurt during the early stages of COVID-19 but other segments such as food delivery and e-commerce boomed as people adapted to using online services when… Source link