Yandex

Yandex NV engages in the provision of search engines and online services. It operates through the following segments: Search and Portal, Ride-hailing, Yandex Drive, FoodTech, Yandex Delivery, Yandex Market, Classifieds, Media Services, and Other Business Units and Initiatives. The Search and Portal segment includes Search, Geo, Yandex 360, Weather, News, Travel, Alice voice assistant and a number of other services offered in Russia, Belarus and Kazakhstan. The Ride-hailing segment includes Yandex Taxi in Russia and other countries across CIS and EMEA, and Uber in Russia and CIS. The Yandex Drive segment represents car-sharing business. The FoodTech segment includes Yandex Eats, ready-to-eat and grocery delivery service; and Yandex Lavka, hyperlocal convenience store delivery service. The Yandex Delivery segment represents last mile logistics solution for individuals and enterprises. The Yandex Market segment includes e-commerce marketplace and several small experiments. The Classifieds segment includes Auto.ru, Yandex Realty and Yandex Rent. The Media Services segment includes the subscription service Yandex Plus, Yandex Music, KinoPoisk, Yandex Afisha and production center Yandex Studio. The Other Business Units and Initiatives includes self-driving vehicles business (Yandex SDG), Zen, Yandex Cloud, Yandex Education, Devices, FinTech, Yandex Uslugi (Services) and Yandex Lavka experiments in international markets (Lavka Overseas), as well as several other experiments. The company was founded by Elena Kolmanovskaya, Ilya Segalovich, Mikhail Fadeev, and Arkady Volozh in 1989 and is headquartered in Amsterdam, the Netherlands.

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The Kremlin's fear of a serious tech brain drain is the main factor preventing Moscow from nationalising Nasdaq-listed Yandex , often dubbed "Russia's Google", four people with knowledge of the company's divestment plans told Reuters.

Exclusive: Fear of tech 'brain drain' prevents Russia from seizing Yandex for now -sources

The chief executive of Nasdaq-listed internet company Yandex faces prosecution in a Russian court for alleged offences under the country's so-called “LGBT propaganda” law, a notice on the court's website said on Wednesday.

Chief of Russia's Yandex faces court case for ‘LGBT propaganda'

A Moscow court fined Nasdaq-listed Yandex 2 million roubles ($24,242) for repeatedly refusing to provide the Federal Security Service, or FSB, with information about its users, Russia's state TASS news agency reported early on Monday.

Russia's Yandex fined for refusing to share user information with security services

Andrei Kostin, CEO of state-owned Russian lender VTB , on Friday said that Moscow should take the Russian assets of internet company Yandex under management, as it did with two European-owned assets in April.

VTB head says Russia should take Yandex assets under management

Russian state-owned lender VTB may pull out of the running to acquire a stake in internet giant Yandex , the bank's CEO, Andrei Kostin, told Reuters, as discussions are now centered around higher prices than the bank's initial offer.

Exclusive: Russia's VTB may pull out of running for Yandex stake - CEO Kostin

Russian tech giant Yandex on Thursday reported a 54% jump in first-quarter revenue to 163.3 billion roubles ($2 billion) and a return to profitability after sliding to a net loss in the same period of last year.

Russia's Yandex reports revenue jump, return to Q1 profitability

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Five Russia-affiliated internet companies are to be formally delisted from U.S. stock exchanges, a year after trading was halted in the wake of Russia's invasion of Ukraine.

Yandex and 4 other Russian tech firms to be delisted from Nasdaq and NYSE

MOSCOW, RUSSIA and AMSTERDAM / ACCESSWIRE / March 15, 2023 / Yandex (NASDAQ:YNDX)(MOEX:YNDX), a Dutch public limited company and one of Europe's largest internet businesses, today announced that it received a written notice (the "Notice") from the Listing Qualifications Staff (the "Staff") of The Nasdaq Stock Market LLC ("Nasdaq") indicating that the Staff has determined to delist the Company's securities from the Nasdaq Global Select Market. In the Notice, the Staff notes the continued geopolitical circumstances affecting Russia and their potential impact on the Company, and states that the Staff is therefore exercising its broad discretionary authority under Nasdaq Listing Rule 5101 to delist securities "based on any event, condition, or circumstance that exists or occurs that makes initial or continued listing of the securities on Nasdaq inadvisable or unwarranted in the opinion of Nasdaq, even though the securities meet all enumerated criteria for initial or continued listing on Nasdaq".

Yandex Receives Notice of Delisting from Nasdaq and Intends to Appeal

The Nasdaq stock exchange has informed Russian internet giant Yandex that its stock will be delisted, Yandex said on Wednesday, over a year after trading in its securities was first suspended.

Nasdaq to delist Russian internet giant Yandex -company

MOSCOW, RUSSIA and AMSTERDAM, the NETHERLANDS / ACCESSWIRE / February 15, 2023 / Yandex (NASDAQ:YNDX)(MOEX:YNDX), a Dutch public limited company and one of Europe's largest internet businesses, today announced its unaudited financial results for the fourth quarter and the full year ended December 31, 2022. Q4 and FY 2022 Financial and Operational Highlights1,2 In RUB millions Three months ended December 31, Twelve months ended December 31, 2021 2022 Change 2021 2022 Change Total Revenues 110,328 164,778 49% 356,171 521,699 46% Total Adjusted EBITDA 9,720 17,173 77% 32,143 64,140 100% Total Group Total Adjusted EBITDA margin, % 8.8% 10.4% 1.6 pp 9.0% 12.3% 3.3 pp Net income/(loss) (2,861) 7,055 n/m (14,653) 47,615 n/m Including one-off non-cash gains as a result of the News and Zen deconsolidation and restructuring of convertible debt - - n/m - 47,356 n/m Adjusted Net Income 2,645 747 -72% 8,005 10,765 34% Share of Russian search market, % 60.2% 62.6% 2.4 pp 59.8% 61.9% 2.1 pp Search share on Android, % 59.2% 62.0% 2.8 pp 59.2% 61.4% 2.2 pp Search share on iOS, % 44.0% 48.0% 4.0 pp 42.8% 47.6% 4.8 pp Search and Revenues 47,258 69,680 47% 162,715 224,669 38% Portal Ex-TAC revenues 39,326 56,978 45% 133,755 187,079 40% Adjusted EBITDA 23,921 36,048 51% 80,735 116,877 45% Adjusted EBITDA margin, % 50.6% 51.7% 1.1 pp 49.6% 52.0% 2.4 pp Revenues 52,590 85,732 63% 166,459 260,787 57% E-Commerce, Mobility GMV of Mobility3 174,729 218,427 25% 588,846 762,848 30% and Delivery GMV of E-commerce4 58,908 112,098 90% 160,227 307,711 92% GMV of other O2O services5 41,965 66,660 59% 126,499 192,130 52% Total Adjusted EBITDA (7,262) (10,557) 45% (30,167) (19,058) -37% Plus and Entertainment Services Yandex Plus subscribers6, MM 11.6 19.3 66% 11.6 19.3 66% (1) Pursuant to SEC rules regarding convenience translations, Russian ruble (RUB) amounts have been translated into U.S. dollars in this release at a rate of RUB 70.3375 to $1.00, the official exchange rate quoted as of December 31, 2022 by the Central Bank of the Russian Federation.

Yandex Announces Fourth Quarter and Full-Year 2022 Financial Results

Russian internet giant Yandex on Wednesday reported 2022 revenue up 46% to 521.7 billion roubles ($7.05 billion), increasing its dominance in online advertising as major competitor Google pulled out of the market.

Russia's Yandex beats FY revenue target after Google pulls advertising

MOSCOW, RUSSIA and AMSTERDAM, NETHERLANDS / ACCESSWIRE / December 22, 2022 / Yandex N.V. (NASDAQ:YNDX), the Dutch parent company of the Yandex Group, today announced that all resolutions proposed at Yandex's 2022 Annual General Meeting of Shareholders (the "AGM") have been approved.

Yandex Announces Results of 2022 Annual General Meeting of Shareholders

MOSCOW, RUSSIA and AMSTERDAM, the NETHERLANDS / ACCESSWIRE / November 3, 2022 / Yandex (NASDAQ:YNDX)(MOEX:YNDX), a Dutch public limited company and one of Europe's largest internet businesses, today announced its unaudited financial results for the third quarter ended September 30, 2022. Q3 2022 Financial and Operational Highlights1,2 In RUB millions Three months ended September 30 2021 2022 Change Total Revenues 91,305 133,163 46% Total Adjusted EBITDA 5,622 20,003 256% Total Group Total Adjusted EBITDA margin, % 6.20% 15.00% 8.8 pp Net income/(loss) -3,908 45,541 n/m Including one-off non-cash gain as a result of the News and Zen deconsolidation - 38,051 n/m Adjusted Net Income 1,340 5,009 n/m Share of Russian search market, % 59.30% 62.00% 2.7 pp Search share on Android, % 58.90% 61.90% 3.1 pp Search share on iOS, % 42.80% 48.30% 5.5 pp Search and Revenues 41,951 60,853 45% Portal Revenues Ex-TAC 34,313 50,710 48% Adjusted EBITDA 20,995 33,789 61% Adjusted EBITDA margin, % 50.00% 55.50% 5.5 pp Revenues 42,509 63,348 49% E-Commerce, Mobility GMV of Mobility3 156,136 198,041 27% and Delivery GMV of E-commerce4 41,825 72,465 73% GMV of other O2O services5 34,063 46,649 37% Total Adjusted EBITDA -10,647 -2,402 -77% Plus and Entertainment Services Yandex Plus subscribers, MM 10.3 15.8 53% (1) Pursuant to SEC rules regarding convenience translations, Russian ruble (RUB) amounts have been translated into U.S. dollars in this release at a rate of RUB 57.4130 to $1.00, the official exchange rate quoted as of September 30, 2022 by the Central Bank of the Russian Federation.

Yandex Announces Third Quarter 2022 Financial Results

MOSCOW, RUSSUA, AMSTERDAM, THE NETHERLANDS / ACCESSWIRE / September 12, 2022 / Yandex N.V., a Dutch public limited company, today announced that its Russian operating subsidiary has completed the sale of the news aggregation platform and Zen infotainment service to VK, as well as the acquisition of 100% of the food delivery service Delivery Club.

Yandex Announces Completion of News and Zen Divestment and Acquisition of Delivery Club

MOSCOW, RUSSIA and AMSTERDAM, THE NETHERLANDS / ACCESSWIRE / August 23, 2022 / Yandex N.V., a Dutch public limited company, today announced that its Russian operating subsidiary has entered into a binding agreement with VK, one of Russia's largest social media businesses, to sell Yandex's news aggregation platform and Zen infotainment service as well as the main page, where both services have been located.

Yandex Announces a Binding Agreement to Divest News and Zen Services

MOSCOW, RUSSIA and AMSTERDAM, the NETHERLANDS / ACCESSWIRE / July 27, 2022 / Yandex (NASDAQ:YNDX)(MOEX:YNDX), one of Europe's largest internet companies, today announced its unaudited financial results for the second quarter ended June 30, 2022. Q2 2022 Financial and Operational Highlights1,2 In RUB millions Three months ended June 30 2021 2022 Change Total Revenues 81,402 117,748 45% Online Ad Revenues 39,586 48,430 22% Total Adjusted EBITDA 5,780 25,694 345% Total Group Total Adjusted EBITDA margin, % 7.1% 21.8% 14.7 pp Net income/(loss) (4,664) 8,056 n/m Adjusted Net Income 1,012 13,134 n/m Share of Russian search market, % 59.7% 62.1% 2.4 pp Search share on Android, % 59.5% 61.9% 2.4 pp Search share on iOS, % 42.2% 48.4% 6.2 pp Search and Revenues 39,212 51,233 31% Portal Revenues Ex-TAC 32,151 43,215 34% Adjusted EBITDA 18,543 28,461 53% Adjusted EBITDA margin, % 47.3% 55.6% 8.3 pp Revenues 37,007 56,474 53% E-Commerce, Mobility GMV of Mobility3 138,580 178,963 29% and Delivery GMV of E-commerce4 35,007 58,568 67% GMV of other O2O services5 15,071 23,439 56% Total Adjusted EBITDA (9,062) 2,139 n/m Plus and Entertainment Services Yandex Plus subscribers, MM 9.0 13.7 53% (1) Pursuant to SEC rules regarding convenience translations, Russian ruble (RUB) amounts have been translated into U.S. dollars in this release at a rate of RUB 51.1580 to $1.00, the official exchange rate quoted as of June 30, 2022 by the Central Bank of the Russian Federation.

Yandex Announces Second Quarter 2022 Financial Results

MOSCOW, RUSSIA and AMSTERDAM, NETHERLANDS / ACCESSWIRE / June 22, 2022 / Yandex (NASDAQ:YNDX)(MOEX:YNDX), one of Europe's largest internet companies, today announced that its 2022 Annual General Meeting of Shareholders (AGM) will be held later this year. This schedule is intended to allow sufficient time for the completion of the audit of the Company's 2021 Dutch statutory accounts prepared under IFRS in light of ongoing unprecedented geopolitical circumstances.

Yandex Provides Update on Timing of AGM

Russian internet giant Yandex said on Friday Arkady Volozh has stepped down as CEO and left the board of directors after the European Union had included him on its latest list of sanctions against Russian entities.

Yandex CEO Volozh resigns after EU sanctions

MOSCOW, RUSSIA and AMSTERDAM, NETHERLANDS / ACCESSWIRE / June 3, 2022 / Yandex N.V., a Dutch public limited company and one of Europe's largest internet businesses,today announces that Arkady Volozh, the company's co-founder, has stepped down with immediate effect from his positionёs as Executive Director and Chief Executive Officer of Yandex N.V.

Arkady Volozh Resigns as Executive Director and CEO of Yandex N.V. and Transfers his Voting Power to the Board

MOSCOW, RUSSIA and AMSTERDAM, NETHERLANDS / ACCESSWIRE / June 1, 2022 / Yandex N.V. ("Yandex"), a Dutch public limited company and the parent company of one of Europe's largest internet businesses, today provided an update in relation to its 0.75% Convertible Notes due 2025 (the "Notes").

Yandex Provides Further Update on Convertible Notes

Yandex is facing geopolitical as well as macroeconomic headwinds, along with supply chain shortages and threats from sanctions.

Yandex N.V: Pressure Under Sanctions and Semiconductor Shortages

MOSCOW, RUSSIA and AMSTERDAM, NETHERLANDS / ACCESSWIRE / April 29, 2022 / Yandex N.V., a Dutch public limited company and one of Europe's largest internet companies and the leading search and ride-hailing provider in Russia, today provided an update in relation to its 0.75% Convertible Notes due 2025 (the "Notes").

Yandex Provides Update on Convertible Notes

MOSCOW, RUSSIA and AMSTERDAM, NETHERLANDS / ACCESSWIRE / April 28, 2022 / Yandex N.V., a Dutch public limited company and one of Europe's largest internet businesses as well as the leading search and ride-hailing provider in Russia, today announced that its principal Russian operating subsidiary, Yandex LLC, has reached agreement in principle with VK to sell Yandex's news aggregation platform and infotainment service Zen.

Yandex Has Reached an Agreement in Principle on the Sale of News and Zen to VK

In further fallout from Russia's invasion of Ukraine, Yandex, the company that's sometimes referred to as the ‘Google of Russia', has signed a term sheet to sell its media division to VKontakte (VK), aka the local Facebook equivalent. Yandex confirmed it has signed a term sheet to divest its news aggregator (News) and blogging/infotainment platform […]

Yandex signs deal with VK to sell its media products, News and Zen

MOSCOW, RUSSIA and AMSTERDAM, the NETHERLANDS / ACCESSWIRE / April 27, 2022 / Yandex (NASDAQ and MOEX:YNDX), one of Europe's largest internet companies and the leading search and ride-hailing provider in Russia, today announced its unaudited financial results for the first quarter ended March 31, 2022. Q1 2022 Financial and Operational Highlights1,2 We experienced continued stable operations and strong growth across most of our businesses through February 23, 2022.

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