Yandex (YNDX) Tops Q3 EPS Views

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Yandex Announces Third Quarter 2014 Financial Results

October 23, 2014 6:00 AM EDT

MOSCOW and AMSTERDAM, Netherlands, Oct. 23, 2014 (GLOBE NEWSWIRE) --Yandex (Nasdaq: YNDX), one of Europe's largest internet companies and the leading search provider in Russia, today announced its financial results for the third quarter ended September 30, 2014.

Q3 2014 Financial Highlights(1)(2)

Revenues of RUR 13.1 billion ($331.5 million), up 28% compared with Q3 2013 Ex-TAC revenues (excluding traffic acquisition costs) up 29% compared with Q3 2013 Income from operations of RUR 4.5 billion ($114.1 million), up 39% compared with Q3 2013 Adjusted EBITDA of RUR 5.9 billion ($149.9 million), up 34% compared with Q3... More