Yandex profit jumps 460% in solid Q3

Tuesday 30 October 2018 | 09:11 CET | News
Russian internet search engine Yandex said revenues grew 39 percent year-on-year in the third quarter to RUB 32.6 billion. The net profit leaped 459 percent to RUB 4.8 billion while the adjusted net profit advanced 157 percent to RUB 6.1 billion. The adjusted EBITDA lifted 88 percent to RUB 10.7 billion, with the adjusted EBITDA margin amounting to 32.9 percent. The figures were helped by the company's news activities, Taxi, Classified and Experiments. Yandex also launched its public cloud platform Yandex.Cloud during the quarter.

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Categories: Internet
Companies: Yandex
Countries: Russian Federation
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