Business
Yandex Announces Third Quarter 2021 Financial Results
MOSCOW, RUSSIA and AMSTERDAM, THE NETHERLANDS / ACCESSWIRE / October 27, 2021 / Yandex (NASDAQ and MOEX:YNDX), one of Europe's largest internet companies and
About this update from Nebius Group N.v.
[{"type":"text","content":"MOSCOW, RUSSIA and AMSTERDAM, THE NETHERLANDS / ACCESSWIRE / October 27, 2021 / 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, 2021.Q3 2021 Financial and Operational Highlights 1,2In RUB millions Three months ended September 30, 20202021Change Total Revenues59,88291,30552%Total Group on aOnline Ad Revenues33,59842,60527%like-for-like basisOnline Ad Revenues Ex-TAC29,04235,73023%includingTotal Adjusted EBITDA14,8475,622-62%Yandex.MarketTotal Adjusted EBITDA margin, %24.8%6.2%-18.6 ppin 2020Net income/(loss)21,688(3,908)n/m Adjusted Net Income7,5061,340-82% Share of Russian search market, %59.3%59.3%0.0 pp Search share on Android, %58.7%58.9%0.2 ppSearch and Portal3Revenues32,07242,71333% Revenues Ex-TAC26,97535,07530% Adjusted EBITDA16,78120,68423% Adjusted EBITDA margin, %52.3%48.4%-3.9 pp Revenues18,55234,01183% Rides YoY growth in the Ride-hailing service, %22.0%44.2%22.2 pp GMV4 of Ride-hailing93,722151,98762%Taxi (MLU)GMV of FoodTech9,52421,206123% GMV5 of Logistics2,3177,877240% Total MLU Adjusted EBITDA1,7401,223-30% Ride-hailing Adjusted EBITDA margin (as % of GMV)3.0%2.8%-0.2 pp Total E-Commerce GMV613,30741,827214%Yandex.MarketYandex.Market marketplace GMV10,14531,620212% Yandex.Market Adjusted EBITDA(1,221)(11,673)n/mMedia ServicesYandex Plus subscribers, MM5.110.3102%ZenZen DAU, MM18.220.613% Share of video as % of time spent on Zen19.0%40.0%21.0 pp(1) Pursuant to SEC rules regarding convenience translations, Russian ruble (RUB) amounts have been translated into U.S. dollars at a rate of RUB 72.7608 to $1.00, the official exchange rate quoted as of September 30, 2021 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,adjusted net income, adjusted net income margin, financial results on a like-for-like basis including Yandex.Market in the prior year period. 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) ...