Yandex Announces First Quarter 2020 Financial Results
Yandex N.V. - Class A Ordinary Shares (YNDX)
Last yandex n.v. - class a ordinary shares earnings: 2/14 06:00 am
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ir.yandex
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Source: GlobeNewswire
MOSCOW and AMSTERDAM, the Netherlands, April 28, 2020 (GLOBE NEWSWIRE) -- Yandex (NASDAQ and MOEX: YNDX), one of Europe's largest internet companies and the leading search provider in Russia, today announced its unaudited financial results for the first quarter ended March 31, 2020. Q1 2020 Financial Highlights(1)(2) Q1 2020 consolidated financial results Revenues of RUB 47.0 billion ($604.7 million), up 26% compared with Q1 2019Net income of RUB 5.5 billion ($70.7 million), up 76% compared with Q1 2019; net income margin of 11.7%Adjusted net income of RUB 5.1 billion ($66.2 million), down 5% compared with Q1 2019; adjusted net income margin of 11.0%Adjusted EBITDA of RUB 12.1 billion ($156.3 million), up 13% compared with Q1 2019; adjusted EBITDA margin of 25.8% Cash, cash equivalents and term deposits as of March 31, 2020: RUB 197.2 billion ($2,536.8 million) on a consolidated basisOf which RUB 30.6 billion ($393.1 million) related to Taxi segment Q1 2020 Operational a
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