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Consolidated revenue of Yandex grew by 30% in the third quarter

Russia / Business and Finance

The share of non-advertising income of the company amounted to 43% of all revenue. The Taxi segment has the largest contribution among non-advertising revenues

Consolidated revenue of Yandex grew by 30% in the third quarter

The consolidated revenue of Yandex in the third quarter increased by 30% year-on-year and amounted to 58.3 billion rubles, follows from the financial statements of the Internet company. Excluding Yandex.Market, it amounted to 53.7 billion rubles. (up 19%). Adjusted net profit, excluding Yandex.Market, grew by 18% to RUB 9.4 billion, adjusted EBITDA excluding Yandex.Market - by 16%, to RUB 16.2 billion

Yandex's advertising revenue increased by 6% year-on-year to RUB 33.2 billion, the company's advertising revenue from its own sites increased by 12% to RUB 28 billion.

The share of non-advertising income of the company amounted to 43% of all revenue. The Taxi segment (which combines Yandex.Taxi and food tech projects) has the largest contribution among non-advertising revenues, accounting for 31% of Yandex's total revenue. The segment's consolidated revenue increased by 58% to RUB 18.6 billion. The number of trips in the Yandex.Taxi service increased by 24%. The segment's adjusted EBITDA amounted to RUB 1.74 billion. Yandex.Drive, which is accounted for within the segment, for the first time showed profit on adjusted EBITDA: it amounted to RUB 71 million.

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