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Yandex NV (YNDX.OQ)

YNDX.OQ on NASDAQ Stock Exchange Global Select Market

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Latest Key Developments (Source: Significant Developments)

Russia's Yandex says Sberbank to invest about $500 mln into Yandex.market
Wednesday, 9 Aug 2017 03:00am EDT 

Aug 9 (Reuters) - Yandex :Yandex and Sberbank join forces to boost ecommerce development.Russia's Yandex says Sberbank to invest 30 billion roubles (approximately $500m) into yandex.market.Non-Binding term sheet provides that sberbank would invest 30 billion rubles into Yandex.Russia's Yandex says two partners will own equal stakes in joint venture.Yandex.market will continue to operate under current management team.Market, valuing it at 60 billion rubles (about $1b) on a post-money basis, before taking into account any potential future synergies.Russia's Yandex says parties anticipate that transaction will close by end of 2017.Up to ten percent of company's shares will be allocated for an equity incentive pool for Yandex.market management and employees..Yandex.market will continue to operate under current management team led by maxim grishakov.  Full Article

Russia's Yandex Q2 net income up 69 pct y/y
Friday, 28 Jul 2017 06:00am EDT 

July 28 (Reuters) - Russia's largest internet group Yandex said on Friday::Q2 net income 3.5 billion roubles ($59.0 million), up 69 percent y/y, mainly due to foreign exchange gain;.Q2 adjusted net income 4.0 billion roubles ($67.5 million), up 2 percent y/y;.Yandex currently expects its rouble-based revenue to grow in the range of 18 percent to 21 percent for the full year 2017 compared with previously expected 17-20 percent;.Q2 revenues 22.1 billion roubles ($374.1 million), up 23 percent y/y;.Q2 adjusted earnings before interest, taxation, depreciation and amortisation (EBITDA) 7.2 billion roubles ($122.1 million), up 7 percent y/y;."We delivered solid results across all business segments in Q2, and I was pleased to see strong growth and profitability in our core business," said Alexander Shulgin, Chief Operating Officer of Yandex;."We expect continued investments in Taxi, e-Commerce, Classifieds, and other new initiatives to drive further growth," he added;.  Full Article

Yandex Q2 net income RUB 3.5 billion
Friday, 28 Jul 2017 06:00am EDT 

July 28 (Reuters) - Yandex :Yandex announces second quarter 2017 financial results.Qtrly adjusted net income of RUB 4.0 billion ($67.5 million), up 2% compared with Q2 2016.Qtrly revenues of RUB 22.1 billion ($374.1 million), up 23% compared with Q2 2016.Qtrly net income of RUB 3.5 billion ($59.0 million), up 69% compared with Q2 2016.Yandex - currently expect our ruble-based revenue to grow in range of 18% to 21% for full year 2017.Says currently expect our ruble-based revenue to grow in range of 18% to 21% for full year 2017.  Full Article

Yandex and Uber to combine their ridesharing businesses in Russia and neighboring countries
Thursday, 13 Jul 2017 06:00am EDT 

July 13 (Reuters) - Yandex ::Yandex and Uber to combine their ridesharing businesses in russia and neighboring countries.Yandex - ‍uber has agreed to invest $225 million and yandex has agreed to invest $100 million into Newco​.Yandex - ‍after investments, and subject to certain adjustments at closing, Newco will be owned approximately 59.3pct by Yandex, 36.6pct by Uber​.Yandex- ‍boards of directors of both Uber and Yandex have approved transaction​.Says ‍tigran Khudaverdyan, currently ceo of Yandex.Taxi, will become CEO of combined business​.Agreement to combine Uber, co ridesharing businesses in Russia, Kazakhstan, Azerbaijan, Armenia, Belarus and Georgia into a NewCo.Yandex - ‍after investments, and subject to certain adjustments at closing, newco will be 4.1pct by employees of company, on a fully diluted basis​.Yandex - ‍Uber will also contribute its Ubereats business in region to Newco​.Yandex - ‍ with investments from Uber and Yandex, Newco will be valued at $3.725 billion on a post-money basis​.  Full Article

Russia's Yandex raises 2017 revenue growth forecast
Thursday, 27 Apr 2017 06:00am EDT 

April 27 (Reuters) - Russian internet group Yandex says::Raises 2017 revenue growth forecast to 17-20 percent from 16-19 percent; .Q1 revenues rose 25 percent compared with Q1 2016 to 20.7 billion roubles ($364.2 million);.Q1 net income at 0.8 billion roubles, down 23 percent compared with Q1 2016;.Q1 adjusted net income at 3.7 billion roubles, up 18 percent compared with Q1 2016;.Q1 adjusted EBITDA at 6.9 billion roubles, up 19 percent compared with Q1 2016;.Cash, cash equivalents, term deposits and short-term investments in debt securities at 61.4 billion roubles as of March 31, 2017;.Share of Russian search market, including mobile, averaged 55.4 percent in Q1 2017, unchanged from Q4 2016. .  Full Article

Yandex Q1 2017 revenues of RUB 20.7 bln, up 25 pct compared with Q1 2016
Thursday, 27 Apr 2017 06:00am EDT 

April 27 (Reuters) - Yandex Nv ::Yandex announces first quarter 2017 financial results.Qtrly revenues of RUB 20.7 billion ($366.3 million), up 25% compared with Q1 2016.Yandex - qtrly net income of RUB 0.8 billion down 23% compared with Q1 2016.Yandex - qtrly adjusted net income of rub 3.7 billion up 18% compared with Q1 2016.Yandex - increasing revenue guidance, and currently expect ruble-based revenue to grow in range of 17% to 20% for full year 2017.Yandex- currently expect our ruble-based revenue to grow in range of 17% to 20% for full year 2017.Q1 earnings per share view rub 9.23, revenue view rub 19.73 billion -- Thomson Reuters I/B/E/S.  Full Article

Avtovaz, Yandex to cooperate in integration of internet services into vehicles
Wednesday, 15 Mar 2017 05:05am EDT 

Avtovaz : Signs memorandum of intent with Yandex LLC to jointly develop multimedia systems, including information and entertainment and navigation services . The memorandum includes cooperation in telematics services, connected cars (Connected Car - a car connected to the network) and multimedia systems . Yandex plans to participate in creating the multimedia system of Avtovaz at the level of adaptation of its services . Avtovaz, in turn, plans to install multimedia systems with Yandex services to the main part of LADA cars .The companies expect to conclude a strategic partnership agreement by Dec. 31.  Full Article

Russia's Yandex sees 2017 revenue rising 16-19 pct
Thursday, 16 Feb 2017 06:00am EST 

Yandex NV says: Expects consolidated revenue to grow in the range of 16 percent to 19 percent in the full year 2017 vs. 2016. . FY 2016 revenue totalled 75.9 billion roubles ($1.33 billion), up 27 percent vs. 2015 (guidance: 22-24 pct). . Q4 2016 revenues at 22.1 billion roubles, up 22 percent compared with Q4 2015. . Q4 net income at 1.2 billion roubles, down 57 percent year-on-year. . Q4 adjusted net income at 3.2 billion roubles, down 11 percent year-on-year. . Q4 adjusted EBITDA at 6.7 billion roubles, up 2 percent year-on-year, with adjusted EBITDA margin of 30.3 percent. . Cash, cash equivalents, term deposits and short-term investments in debt securities stood at 63.0 billion roubles as of Dec. 31, 2016. . Share of Russian search market, including mobile, averaged 55.4 pct in Q4 2016 compared to 55.9 pct in Q3 2016. Further company coverage: [YNDX.O] ($1 = 57.2240 roubles) (Reporting by Moscow Newsroom) ((moscow.newsroom@thomsonreuters.com)).  Full Article

Yandex launches global partnership program for android handset manufacturers, telecom operators
Wednesday, 12 Oct 2016 06:00am EDT 

Yandex Nv : Yandex says launch of its global partnership program for android handset manufacturers and telecom operators . Yandex says partners will preinstall its proprietary products, Yandex browser and Yandex launcher .Yandex says first round of Yandex partners includes Fly, Lava, Mobile Telesystems, Multilaser, Posh Mobile, Wileyfox and ZTE.  Full Article

Russia's Yandex raises revenue growth forecast to 19-22 pсt in 2016
Thursday, 28 Jul 2016 06:00am EDT 

Yandex NV says: Raises 2016 revenue growth forecast to 19-22 percent from 15-19 percent seen previously; . Q2 revenues rise 30 percent year-on-year to 18 billion roubles ($271.6 million); . Q2 net income rises to 2.06 billion roubles from 423 million roubles in Q2 2015; . Q2 adjusted net income up 40 percent year-on-year at 3.9 billion roubles; .Q2 adjusted EBITDA up 40 percent year-on-year to 6.8 billion roubles..  Full Article

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Russia's Yandex sets up e-commerce venture with Sberbank

MOSCOW Russia's biggest search engine Yandex said on Wednesday it would set up an e-commerce joint venture with Russia's biggest bank Sberbank on the Yandex.Market platform.