Russia's Yandex.Taxi targets continued profitability even as rides plummet [Reuters]
Uber Technologies, Inc. (UBER)
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Source: Reuters
Russia's Yandex.Taxi targets continued profitability even as rides plummet MOSCOW, April 28 (Reuters) - Yandex.Taxi, the ride-hailing arm of Russian internet giant Yandex, is hoping to remain profitable in the second half of this year despite a sharp drop in sales as coronavirus restrictions keep people across the country at home. Yandex.Taxi, part of Yandex’s taxi segment, which also includes its driverless cars and food delivery service, brought the company almost 25% of its first-quarter revenue, with adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) returning a profit for the fourth consecutive quarter, company results showed on Tuesday. Yandex was preparing for a initial public offering (IPO) of its taxi segment in the first half of 2020, three banking sources told Reuters in November, and had already hired three investment banks for the purpose, but the coronavirus outbreak has put market events on hold. President Vladimir Putin on Tuesday extended a
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UBER
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- 11/4/25 - Beat
UBER
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- 11/18/25 - Form 4
- 11/18/25 - Form 4
- 11/18/25 - Form 4
- UBER's page on the SEC website