Yandex (YNDX) Posts Q4 EPS of RUR10.08

Yandex (NASDAQ: YNDX) reported Q4 EPS of RUR10.08, RUR2.55 worse than the analyst estimate of RUR12.63. Revenue for the quarter came in at RUR14.7 billion versus the consensus estimate of RUR14.76 billion.

Text-based advertising revenues grew 22% compared with Q4 2013 and continued to determine overall top-line performance, contributing 90% of total revenues in Q4 2014.

Text-based advertising revenues from Yandex websites increased 24% compared with Q4 2013 and accounted for 68% of total revenues during Q4 2014.

Text-based advertising revenues from our ad network increased 16% compared with Q4 2013 and contributed 22% of total revenues during Q4 2014, 110 basis points lower than in Q4 2013.

Paid clicks on Yandex's and its partners' websites, in aggregate, increased 18% in Q4 2014 compared with Q4 2013 and demonstrated steady growth rates compared with Q3 2014. Our average cost per click in Q4 2014 grew 3% compared with Q4 2013.

Display advertising revenue, accounting for 8% of total revenues in Q4 2014, was up 3% compared with Q4 2013, with our display advertising network driving overall display revenue growth in Q4 2014.

For earnings history and earnings-related data on Yandex (YNDX) click here.

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