Yandex (YNDX) Reports Q2 Revenues Above Consensus

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Go back to Yandex (YNDX) Reports Q2 Revenues Above Consensus

Yandex Announces Second Quarter 2019 Financial Results

July 26, 2019 6:00 AM EDT

MOSCOW and AMSTERDAM, the Netherlands, July 26, 2019 (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, 2019.

Q2 2019 Financial Highlights(1)(2)(3)

Q2 2019 consolidated financial results

Revenues of RUB 41.4 billion ($656.3 million), up 40% compared with Q2 2018Net income of RUB 3.4 billion ($54.2 million), down 90% compared with Q2 2018; net income margin of 8.3%Adjusted net income of RUB 5.8 billion ($92.3 million), up 16%... More