Back to Industry News
General
Yandex Q3 Revenue Rises 32% to 366.1 Billion Roubles
Summary generated with AI, editor-reviewed
Heartspace News Desk
•Source: Reuters
Photo by Vladislav Shevchenko on Unsplash
TL;DR
TL;DR: Reuters reported that Yandex, the top Russian internet company, saw a 32% rise in third-quarter revenue to 366.1 billion roubles. The firm's adjusted EBITDA went up by 43%, and its adjusted net profit increased by 78%, with revenue for the first nine months surpassing 1 trillion roubles.
Stay updated on stories like this
Key takeaways
- Yandex, Russia's leading internet firm, reported a robust 32% increase in third-quarter revenue, reaching 366
- 1 billion roubles ($4
- 50 billion), according to a Reuters report
Yandex, Russia's leading internet firm, reported a robust 32% increase in third-quarter revenue, reaching 366.1 billion roubles ($4.50 billion), according to a Reuters report.
The company also demonstrated strong growth across key financial metrics. Adjusted EBITDA rose by 43% to 78.1 billion roubles, while adjusted net profit surged by 78% to 44.7 billion roubles. Notably, Yandex's revenue for the first nine months of the year exceeded 1 trillion roubles for the first time, marking a significant milestone.
Related Topics
YandexrevenueQ3internet companyRussiafinancial results
Never miss stories like this
Verified mention available
Free to claim
Is this your company?
Set up real-time alerts and keep your Heartspace News coverage accurate. Verified teams can update profiles, request corrections, and collaborate on future stories.
Set up alerts Takes under 1 minute • Verified manually