Categories Earnings, Technology

Yandex (YNDX): Q4 2019 Earnings Snapshot

— Yandex (NASDAQ: YNDX) reported Q4 2019 earnings of RUB2.78 per share, or $0.04 per share.

— Revenues grew 33% to RUB51.7 billion, or $835.1 million.

— Net income fell 95% to RUB0.3 billion, or $4.5 million.

— Paid clicks on Yandex’s and its partners’ websites, in aggregate, increased 20% year-over-year.

— Average cost per click decreased 3% year-over-year.

— Total online advertising revenues increased 16% year-over-year to RUB34.3 billion.

— FY2020 revenues are expected to grow 22-26% to RUB214-221 billion.

— YNDX shares were down 1.2% in premarket hours on Friday.

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Also Read:  Spark Networks Inc. (LOV) Q2 2020 Earnings Call Transcript

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