Yandex US GAAP adjusted net income jumps to 13 bln rbl in Apr–Jun

MOSCOW, Jul 26 (PRIME) -- The adjusted net income of Russian Internet company Yandex soared to 13.134 billion rubles in April–June from 1.012 billion rubles in the same period of 2021, as calculated under the U.S. GAAP standards, the company said on Tuesday in a statement.

Revenue increased 45% to 117.748 billion rubles.

Total adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) leaped to 25.694 billion rubles from 5.780 billion rubles a year earlier. The total adjusted EBITDA margin added 14.7 percentage points to 21.8%.

“Given that uncertainty concerning future geopolitical developments and the macro environment remains high, our visibility over the short- and medium-term is limited and we remain unable to provide any forward-looking outlook at this stage,” Yandex said.

(57.7821 rubles – U.S. $1)

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