Yandex (YNDX) Reports Q2 Miss on Revenues

Yandex (NASDAQ: YNDX) reported Q2 EPS of $, versus $0.27 reported last year. Revenue for the quarter came in at $472 million versus the consensus estimate of $506.29 million.

Q2 2018 consolidated financial results

• Revenues of RUB 29.7 billion ($472.8 million), up 34% compared with Q2 2017
• Net income of RUB 33.3 billion ($531.1 million), up 857% compared with Q2 2017, mainly due to effect of deconsolidation of Yandex.Market in the amount of RUB 28 billion; net income margin of 112.3%
• Adjusted net income of RUB 5.1 billion ($80.9 million), up 27% compared with Q2 2017; adjusted net income margin of 17.1%
• Adjusted EBITDA of RUB 8.8 billion ($140.9 million), up 23% compared with Q2 2017; adjusted EBITDA margin of 29.8%

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

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