Categories Earnings, Technology

Yandex (NASDAQ: YNDX): Q3 2019 Earnings Snapshot

— Yandex N.V. (NASDAQ: YNDX) reported its third-quarter 2019 earnings of RUB13.85 ($0.22) per share versus $0.36 per share expected. Adjusted net income increased by 12% to RUB6.9 billion ($106.7 million).

— Revenues grew by 38% to RUB45 billion ($698.8 million) versus $703.87 million expected. The results were driven by contributions from Search and Portal, Taxi and Drive.

Earnings Update by AlphaStreet

— Search queries in Russia grew 9% compared with Q3 2018. Paid clicks on Yandex’s and its partners’ websites, in aggregate, increased 22%. The average cost per click decreased by 2% compared with Q3 2018.

— Revenues from the Taxi segment grew 89% on better ride-sharing businesses driven by an increase in the number of rides and incentives optimization, the strong growth of corporate Taxi offering. The number of rides in the Taxi segment grew by 59%.

— Online advertising revenues grew by 21% that include revenues derived from performance and brand advertising on Yandex properties and in its advertising network.

— Looking ahead into the full year 2019, the company now expects ruble-based revenues excluding Yandex.Market to grow in the range of 36% to 38%.

— The ruble-based revenue for Search and Portal is expected to grow in the range of 20% to 21% in the full year.

Browse through our earnings calendar and get all scheduled earnings announcements, analyst/investor conference and much more!

Most Popular

CCL Earnings: Carnival Corp. Q4 2024 revenue rises 10%

Carnival Corporation & plc. (NYSE: CCL) Friday reported strong revenue growth for the fourth quarter of 2024. The cruise line operator reported a profit for Q4, compared to a loss

Key metrics from Nike’s (NKE) Q2 2025 earnings results

NIKE, Inc. (NYSE: NKE) reported total revenues of $12.4 billion for the second quarter of 2025, down 8% on a reported basis and down 9% on a currency-neutral basis. Net

FDX Earnings: FedEx Q2 2025 adjusted profit increases; revenue dips

Cargo giant FedEx Corporation (NYSE: FDX), which completed an organizational restructuring recently, announced financial results for the second quarter of 2025. Second-quarter earnings, excluding one-off items, were $4.05 per share,

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top