July 28 (Reuters) - Yandex NV <YNDX.O>::YANDEX ANNOUNCES SECOND QUARTER 2020 FINANCIAL RESULTS.Q2 REVENUE RUB 41.4 BILLION.YANDEX - QTRLY ADJUSTED NET INCOME OF RUB 1.9 BILLION ($27.3 MILLION), DOWN 67%.YANDEX - SHARE OF RUSSIAN SEARCH MARKET, INCLUDING MOBILE, AVERAGED 59.6% IN Q2 2020, UP FROM 56.9% IN Q2 2019.YANDEX - BEGAN TO SEE A MODERATE RECOVERY IN ADVERTISING AND RIDE-HAILING FROM THE END OF APRIL, WHICH CONTINUED IN MAY AND JUNE.YANDEX - IN JULY, SEE A CONTINUING IMPROVEMENT OF REVENUE GROWTH ACROSS ALL BUSINESSES AFFECTED BY COVID-19..YANDEX - QTRLY NET LOSS PER CLASS A AND CLASS B SHARE OF $0.14.YANDEX - COVID-19 RESULTING LOCKDOWN MEASURES HAD MATERIAL IMPACT ON FINANCIAL RESULTS AND OPERATIONS IN Q2 2020.YANDEX - DURING Q2 YANDEX INCURRED COVID-19 RELATED EXPENSES OF RUB 408 MILLION.
July 28 (Reuters) - Russian internet group Yandex <YNDX.O> says::Q2 revenue at 41.1 billion roubles ($592 million), stable versus year earlier.Q2 adjusted net income at 1.9 billion roubles, down 67% year on year.Q2 adjusted EBITDA 8.5 billion roubles, down 35%.Company is currently unable to reliably predict the pace and shape of the recovery for its businesses.It will not provide 2020 guidance until it has more clarity on the impact of the coronavirus crisis.
July 23 (Reuters) - Yandex NV <YNDX.O>::Yandex AND SBERBANK COMPLETE THE REORGANIZATION OF YANDEX.MARKET AND YANDEX.MONEY.NOW OWNS 100% OF YANDEX.MARKET, WITH AN EQUITY INCENTIVE POOL SET ASIDE FOR YANDEX.MARKET MANAGEMENT.CO EXITED YANDEX.MONEY JOINT VENTURE.NET CASH CONSIDERATION OF RUB 39.6 BILLION HAS BEEN TRANSFERRED BY YANDEX TO SBERBANK.YANDEX - PRICE COMPARISON, MARKETPLACE SERVICES OF YANDEX.MARKET WILL CONTINUE TO OPERATE WITHOUT ANY CHANGES FOR USERS OR OUR MERCHANT PARTNERS.
June 29 (Reuters) - Russian internet giant Yandex <YNDX.O> says::It has closed its previously announced public offering of 8,121,827 Class A shares; .It has issued an aggregate of 9,340,101 Class A shares at an offering price of $49.25 per share, for gross proceeds of approximately $460 million;.Concurrent with the public offering, it has closed its previously announced private placement of 4,060,913 Class A shares to each of three private investors, or an aggregate 12,182,739 Class A shares, at the public offering price per share;.Investors in the concurrent private placement include JSC VTB Capital, the investment business arm of VTB Group, a Russian bank and global provider of financial services..The other investors are Ervington Investments Limited, a company whose ultimate beneficiary is Roman Abramovich, and Treliscope Limited, a company whose ultimate beneficiaries are Alexander Abramov and Alexander Frolov. .The total number of new Class A shares issued in the public offering and the private placement is 21,522,840, and the aggregate gross proceeds are approximately $1.06 billion. .Source text for Eikon: ID:nNDL8gqpcL.Further company coverage: YNDX.O.
April 28 (Reuters) - Russian internet group Yandex <YNDX.O> says::Q1 adjusted net income at 5.1 billion roubles ($69 million), down 5% year-on-year;.Q1 revenue at 47 billion roubles, up 26% year-on-year;.Q1 adjusted EBITDA at 12.1 billion roubles, up 13% year-on-year;.Withdraws its 2020 financial guidance due to uncertainty over the impact of coronavirus epidemic;."The year started off well, but by mid-March our markets began to be impacted by the coronavirus outbreak," said Chief Executive Officer Arkady Volozh..
March 31 (Reuters) - Russian internet group Yandex <YNDX.O>::Yandex's subsidiary Yandex.Taxi said it has withdrawn its application with the Federal Anti-monopoly Service to buy rival taxi firm Vezet..Yandex.Taxi said it is still interested in acquiring Vezet..
MOSCOW, March 4 (Reuters) - :Russian internet group Yandex <<<YNDX.O>>> has hired former Goldman Sachs director Yulia Gerasimova as Head of Investor Relations, the company said on Tuesday. .Katya Zhukova, who previously held the role, is taking on an investor relations job within Yandex.Taxi, the company's ride-hailing division, Yandex said. .Banking sources told Reuters last year that Yandex.Taxi is considering an initial public offering (IPO) in the first half of this year and has already started to hire banks for that process. nL8N2814QV.
Feb 25 (Reuters) - Yandex <YNDX.O>:YANDEX - ANNOUNCES LAUNCH OF OFFERING OF ABOUT US$1.25 BILLION IN AGGREGATE PRINCIPAL AMOUNT OF CONVERTIBLE SENIOR NOTES DUE 2025.
Feb 14 (Reuters) - Yandex NV <YNDX.O>::YANDEX ANNOUNCES FOURTH QUARTER AND FULL-YEAR 2019 FINANCIAL RESULTS.Q4 REVENUE RUB 51.7 BILLION VERSUS REFINITIV IBES ESTIMATE OF RUB 52 BILLION.QTRLY PAID CLICKS ON YANDEX'S AND ITS PARTNERS' WEBSITES, IN AGGREGATE, INCREASED 20% COMPARED WITH Q4 2018.QTRLY AVERAGE COST PER CLICK DECREASED 3% COMPARED WITH Q4 2018 BUSINESS UNITS AND EXPERIMENTS.QTRLY NUMBER OF RIDES IN TAXI SERVICE GREW 49% YEAR-ON-YEAR COMPARED WITH Q4 2018.QTRLY EARNINGS PER SHARE RUB 2.78.YANDEX - ADJUSTED NET INCOME IN Q4 2019 WAS RUB 5.4 BILLION ($87.2 MILLION), A 22% DECREASE FROM Q4 2018.YANDEX - IN Q4 2019, RECOGNIZED A GOODWILL IMPAIRMENT CHARGE FOR RUB 762 MILLION.YANDEX - EXPECT RUBLE-BASED REVENUE TO BE BETWEEN 214.0 AND 221.0 BILLION RUBLES, OR TO GROW IN RANGE OF 22% TO 26% FOR FULL YEAR 2020 COMPARED WITH 2019.YANDEX - EXPECT SEARCH AND PORTAL RUBLE-BASED REVENUE EX-TAC TO GROW IN RANGE OF 14% TO 17% IN FULL YEAR 2020 COMPARED WITH 2019.
Feb 14 (Reuters) - Russian internet group Yandex <YNDX.O> says::Full year 2019 revenue, excluding Yandex.Market grew 39% y/y and reached 175.4 billion roubles ($2.76 billion);.2019 adjusted net income at 23.5 billion roubles, up 6% y/y;.2019 revenue at 175.4 billion roubles, up 39% y/y;.2019 adjusted EBITDA at 51 billion roubles, up 29% y/y;.Q4 adjusted net income at 5.4 billion roubles, down 22% y/y;.Q4 revenue at 51.7 billion roubles, up 33% y/y;.Q4 adjusted EBITDA at 13.2 billion roubles, up 7% y/y;.Expects rouble-based revenue to grow by 22-26% for the full year 2020, compared with 2019; .