Yandex (YNDX) Reports Q4 Revenues Above Consensus

Yandex (NASDAQ: YNDX) reported Q4 revenue for the quarter came in at $559.1 million versus the consensus estimate of $554.75 million.

• Revenues of RUB 38.8 billion ($559.1 million), up 39% compared with Q4 2017
• Net income of RUB 5.9 billion ($85.1 million), up 69% compared with Q4 2017; net income margin of 15.2%
• Adjusted net income of RUB 6.9 billion ($100.0 million), up 32% compared with Q4 2017; adjusted net income margin of 17.9%
• Adjusted EBITDA of RUB 12.3 billion ($177.4 million), up 33% compared with Q4 2017; adjusted EBITDA margin of 31.7%

“Our performance in 2018 was exceptional,” said Arkady Volozh, Chief Executive Officer of Yandex. “We strengthened our positions in search, launched new online-to-offline businesses - Yandex.Drive and Yandex.Eats, and started sharing our technology and expertise in Yandex.Cloud. I am particularly proud of our accomplishments in self-driving, as, in just two years, we have already managed to create a real robo-taxi service.”

“In Q4 we delivered another solid set of results with revenue growth of 39% year-on-year, or 46% excluding Yandex.Market,” said Greg Abovsky, Chief Operating Officer and Chief Financial Officer of Yandex. “We remain committed to investing further in new initiatives, encouraged by the success of our ride-sharing segment of Taxi, which has now reached profitability thanks to our investments and continued focus.”

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

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