Yandex (YNDX) Misses Q2 EPS by 101c

Yandex (NASDAQ: YNDX) reported Q2 EPS of $7.37, $1.01 worse than the analyst estimate of $8.38. Revenue for the quarter came in at $13.9 billion versus the consensus estimate of $13.63 billion.

Text-based advertising revenues increased 13% compared with Q2 2014 and constituted 91% of our total revenues.

Text-based advertising revenues from Yandex websites grew 9% compared with Q2 2014 and accounted for 67% of our total revenues in Q2 2015.

Text-based advertising revenues from our ad network increased 24% compared with Q2 2014 and contributed 24% of total revenues during Q2 2015, as we continued to add new partners to our ad network.

Paid clicks on Yandex's and its partners' websites, in aggregate, increased 12% in Q2 2015 and our average cost per click in Q2 2015 was flat compared with Q2 2014.

Display advertising revenue increased 9% compared to Q2 2014 and contributed 6% to our total revenues. Year-on-year growth was primarily driven by the low base effect from Q2 2014.

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

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