Company results

Yandex raises revenue forecast, talks up dividend prospect

April 28, 2017

Russia’s largest internet group, NASDAQ-listed Yandex on Thursday raised its sales outlook for the year after settling a dispute with Google over product distribution on the U.S. company’s Android operating system. Google announced a deal with Yandex and Russia’s competition watchdog on April 17, pledging to stop requiring manufacturers of Android-based devices to pre-install its …

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Mail.Ru Group announces revenue and profit growth in 2016

February 23, 2017

Today Mail.Ru Group, a leading Russian Internet group listed on the London stock exchange, provided preliminary unaudited financial information and key operating highlights for 2016. The group’s main financial results on a pro-forma basis are as follows: In 2016, the group’s aggregate segment revenue grew 14.8% year-on-year to 42.75 billion rubles (nearly $642 million at the average …

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Russian online classifieds giant Avito delivers 75% revenue growth in 2016

February 20, 2017

Avito.ru, Russia’s leading classifieds platform, saw its revenues reach $54.4 million in Q4 2016, up 54% from Q4 2015, says the recent activity report by Swedish investment company Vostok New Ventures, formerly known as Vostok Nafta Investment. According to the report, in Q4 2016 the company’s adjusted EBITDA margin reached 47% ($25.3 million), compared to 42% …

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Yandex reports 27% revenue growth in 2016, claims 55% market share

February 16, 2017

The NASDAQ-listed Russian Internet search giant Yandex today announced its unaudited financial results for the fourth quarter and the full year ended December 31, 2016. In 2016, the company’s revenues amounted to 75.9 billion ($1,251.7 million), up 27% compared with FY 2015. Its net income of reached 6.8 billion rubles ($111.8 million), down 30%, with a net …

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Russia set to become Blablacar’s largest market in 2017

November 12, 2020

Blablacar’s activity in Russia has reached a “phenomenal level,” said its co-founder and CEO Nicolas Bruisson in a recent interview with French business daily Les Echos. “Our concept is popular there, there was a demand but little competition,” Bruisson said. He expects Russia to become his company’s number one market, even before France, in 2017. The French …

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Lamoda.ru increases revenues, reduces losses in H1 2016

September 20, 2016

As the Russian e-commerce market keeps growing in spite of the economic crisis, Lamoda.ru, a major online fashion retailer operating in Russia Ukraine and Kazakhstan, saw its net revenues grow to €125.6 million in the first half of this year — up 41.1% on a constant currency basis (or 15.4% in euros) from H1 2015. These figures were disclosed in …

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Ulmart sees sales slow down amid the crisis but confirms western IPO plans

August 30, 2016

Ulmart, a leading Russian e-commerce player, saw its revenues almost stagnate last year, with sales reaching just 62.7 billion rubles, up from approximately 60 billion rubles in 2014, including VAT ($1 billion and $1.3 billion, respectively). The company showed a “slightly positive” EBITDA, Ulmart’s chairman and key shareholder Dmitry Kostygin told Kommersant, a leading business daily, earlier this week. In an email …

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Mail.ru overtakes Yandex as most valuable Russian Internet company

March 1, 2016

Russian Internet giant Mail.ru Group has topped a ranking of the most valuable companies operating in the Russian Internet segment for the first time, according to a rating released by the Russian version of Forbes magazine Monday. Mail.ru Group includes the mail.ru portal as well as the Vkontakte and Odnoklassniki social networks, and managed to …

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In 2015, KupiVIP saw its sales revenue increase by 50% and became “fully profitable”

February 19, 2016

Last year, amid the crisis that hit hardly some segments of the Russian e-commerce market, KupiVIP Group saw its gross revenue reach 16.5 billion rubles including VAT (approximately $265 million at the average 2015 exchange rate), up 50% in rubles from the previous year. Average market growth reached 16% in rubles (-28% in USD), just …

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Yandex announces Q4 and FY 2015 results

February 16, 2016

Today Yandex, the Russian Internet search giant which is listed on the NASDAQ, announced its unaudited financial results for the fourth quarter and the full year ended December 31, 2015. The key financial indicators (1)(2) look as follows: Yandex financial results Q4 and FY 2015 Commenting on the FY 2015 results, CEO Arkady Volozh stated: …

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Yandex announces Q3 2015 financial results

February 12, 2016

Moscow and Amsterdam, The Netherlands — Yandex (NASDAQ:YNDX), one of Europe’s largest internet companies and the leading search provider in Russia, today announced its unaudited financial results for the third quarter ended September 30, 2015. Q3 2015 Financial Highlights(1)(2) Revenues of RUB 15.4 billion ($233.1 million), up 18% compared with Q3 2014 Ex-TAC revenues (excluding traffic acquisition …

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Yandex announces Q1 2015 financial results

February 25, 2016

Moscow and Amsterdam, Netherlands – Yandex (NASDAQ: 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, 2015. “Despite a challenging macroeconomic environment, we delivered good top-line performance with text-based advertising on our own sites growing 14%. The number …

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