Russia’s internet giant Yandex upgrades outlook after strong Q2

MOSCOW (Reuters) -Russian internet giant Yandex on Wednesday reported a 34% rise in second-quarter adjusted net income compared with a year ago and raised its 2021 group revenue forecast to between 330 and 340 billion roubles ($4.49-$4.63 billion).

Yandex, which is spending $400-500 million on an e-commerce drive this year to tap into the pandemic-driven surge for online services, said gross merchandise volumes (GMV) for its e-commerce businesses jumped 155% to 35.1 billion roubles year on…


Source link

About search

Check Also

Yandex NV Reports Strong Q1 Growth Amid Reorganization – TipRanks.com – TipRanks

Yandex NV Reports Strong Q1 Growth Amid Reorganization – TipRanks.com – TipRanks

[unable to retrieve full-text content]Yandex NV Reports Strong Q1 Growth Amid Reorganization – TipRanks.com  TipRanks Source …

Leave a Reply

Your email address will not be published. Required fields are marked *