Yandex (YNDX) Tops Q3 EPS by 51c, Revenues Beat

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Yandex Announces Third Quarter 2020 Financial Results

October 28, 2020 6:00 AM EDT

MOSCOW and AMSTERDAM, Oct. 28, 2020 (GLOBE NEWSWIRE) -- Yandex (NASDAQ and MOEX: YNDX), one of Europe's largest internet companies and the leading search and ride-hailing provider in Russia, today announced its unaudited financial results for the third quarter ended September 30, 2020.

Reorganization of Yandex.Market & Yandex.Money JVs and Restructuring of MLU B.V.

On July 23, 2020 Yandex and Sberbank closed the transactions to reorganize their two Joint Ventures Yandex.Market and Yandex.Money. As a result, Yandex became the controlling shareholder in Yandex.Market and... More