Yandex (YNDX) Reports Q2 Miss on Revenues

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Go back to Yandex (YNDX) Reports Q2 Miss on Revenues

Yandex Announces Second Quarter 2018 Financial Results

July 26, 2018 6:00 AM EDT

MOSCOW and AMSTERDAM, the Netherlands, July 26, 2018 (GLOBE NEWSWIRE) -- Yandex (NASDAQ: YNDX), one of Europe's largest internet companies and the leading search provider in Russia, today announced its unaudited financial results for the second quarter ended June 30, 2018.

Deconsolidation of Yandex.Market

On April 27, 2018, Yandex and Sberbank formed a joint venture based on the Yandex.Market platform. Since that date, each of Yandex and Sberbank hold an equal number of the outstanding shares in Yandex.Market, with up to 10% of outstanding shares allocated to management and an equity incentive... More