Business
Yandex Announces Second Quarter 2022 Financial Results
MOSCOW, RUSSIA and AMSTERDAM, the NETHERLANDS / ACCESSWIRE / July 27, 2022 / Yandex (NASDAQ:YNDX)(MOEX:YNDX), one of Europe's largest internet companies,
About this update from Nebius Group N.v.
[{"type":"text","content":"MOSCOW, RUSSIA and AMSTERDAM, the NETHERLANDS / ACCESSWIRE / July 27, 2022 / Yandex (NASDAQ:YNDX)(MOEX:YNDX), one of Europe's largest internet companies, today announced its unaudited financial results for the second quarter ended June 30, 2022.Q2 2022 Financial and Operational Highlights1,2In RUB millions Three months ended June 30 20212022Change Total Revenues81,402117,74845% Online Ad Revenues39,58648,43022% Total Adjusted EBITDA5,78025,694345%Total GroupTotal Adjusted EBITDA margin, %7.1%21.8%14.7 pp Net income/(loss)(4,664)8,056n/m Adjusted Net Income1,01213,134n/m Share of Russian search market, %59.7%62.1%2.4 pp Search share on Android, %59.5%61.9%2.4 pp Search share on iOS, %42.2%48.4%6.2 ppSearch andRevenues39,21251,23331%PortalRevenues Ex-TAC32,15143,21534% Adjusted EBITDA18,54328,46153% Adjusted EBITDA margin, %47.3%55.6%8.3 pp Revenues37,00756,47453%E-Commerce, MobilityGMV of Mobility3138,580178,96329%and DeliveryGMV of E-commerce435,00758,56867% GMV of other O2O services515,07123,43956% Total Adjusted EBITDA(9,062)2,139n/mPlus and Entertainment ServicesYandex Plus subscribers, MM9.013.753%(1) Pursuant to SEC rules regarding convenience translations, Russian ruble (RUB) amounts have been translated into U.S. dollars in this release at a rate of RUB 51.1580 to $1.00, the official exchange rate quoted as of June 30, 2022 by the Central Bank of the Russian Federation.(2) The following measures presented in this release are \"non-GAAP financial measures\": ex-TAC revenues, adjusted EBITDA, adjusted EBITDA margin and adjusted net income. Please see the section \"Use of Non-GAAP Financial Measures\" below for a discussion of how we define these measures, as well as reconciliations at the end of this release of each of these measures to the most directly comparable U.S. GAAP measures.(3) GMV (or gross merchandise value) of Mobility is defined as the total amount paid by customers for ride-hailing, car-sharing and scooters rent services booked through our platform, including VAT.(4) GMV of E-commerce is defined as the value of all merchandise sold through our Yandex Market marketplace and Yandex Lavka as well as the value of products sold through Yandex Eats grocery service (delivered and paid for), including VAT.(5) GMV of other O2O (online-to-offline) services includes the total amount paid by customers and partner busines...