Yandex Shares Pop Post Q4 Results; Clocks 54% Revenue Growth

Yandex Shares Pop Post Q4 Results; Clocks 54% Revenue Growth

  • Yandex NV YNDX reported fourth-quarter FY21 revenue growth of 54% year-on-year to $1.485 billion.
  • Yandex is one of Europe’s largest internet companies and the leading search and ride-hailing provider in Russia.
  • Revenues from Online advertising grew 26% Y/Y to RUB 48.4 billion, Taxi segment, excluding sales of goods, rose 86% Y/Y to RUB 32.9 billion, sales of goods increased 74% Y/Y to RUB 17.7 billion, and Other revenues grew 111% Y/Y to RUB 11.3 billion.
  • The total cost of…

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