Yandex N.V. YNDX reported fourth-quarter 2021 adjusted earnings of 4 cents per share, missing the Zacks Consensus Estimate by 76.5%.
Further, the bottom line declined 82.6% year over year.
Revenues were $1.5 billion. In ruble terms, the figure stands at RUB 110.3 billion, which rose 54% on a year-over-year basis.
The reported revenue figure includes the consolidated financial results of Yandex.Market.
Strengthening momentum across the company’s online advertising drove top-line growth….
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