Financial Performance - Net income for the three months ended September 30, 2022, was 45,541 million RUB, a significant increase from a net loss of 3,908 million RUB in the same period of 2021, representing a 793.2% improvement[9]. - Total comprehensive income for the nine months ended September 30, 2022, was 46,757 million RUB, compared to a loss of 13,031 million RUB in the same period of 2021, indicating a strong recovery[9]. - Operating cash flows provided by operating activities for the nine months ended September 30, 2022, amounted to 43,287 million RUB, a substantial increase from a net loss of 11,792 million RUB in the same period of 2021[12]. - Total revenues for the three months ended September 30, 2022, reached 356,921 million RUB, compared to 133,163 million RUB in the same period of 2021, marking a growth of 168.5%[1]. - Total operating costs and expenses for the three months ended September 30, 2022, were 349,812 million RUB, up from 122,366 million RUB in the same period of 2021, reflecting a 186.5% increase[1]. - The company reported a gain on restructuring of convertible debt amounting to 9,305 million RUB for the three months ended September 30, 2022[1]. - The company reported a net income of RUB 40,560 million for the period, reflecting a significant increase compared to previous periods[21]. - Adjusted EBITDA for the total segments in Q3 2022 was RUB 19,919 million, compared to RUB 5,538 million in Q3 2021, showing a significant increase of 261%[110]. - The company reported a net income before income taxes of RUB 52,359 million for Q3 2022, a substantial recovery from a net loss of RUB 2,786 million in Q3 2021[113]. Assets and Liabilities - As of September 30, 2022, total assets increased to RUB 563,093 million from RUB 515,496 million as of December 31, 2021, representing a growth of approximately 9.2%[5]. - Total current liabilities increased to RUB 156,116 million from RUB 111,106 million, reflecting an increase of 40.5%[5]. - Total liabilities decreased to RUB 236,391 million from RUB 242,571 million, a reduction of approximately 2.6%[5]. - The total shareholders' equity as of September 30, 2022, was RUB 326,661 million, an increase from RUB 273,067 million as of September 30, 2021[18]. - The total amount of ordinary shares outstanding as of September 30, 2022, was 361,156,902 shares, an increase from 358,558,996 shares as of September 30, 2021[18]. - The total liabilities as of September 30, 2022, were not explicitly stated but can be inferred from the total assets and equity figures, indicating a healthy balance sheet structure[21]. - As of September 30, 2022, the total debt of the company was RUB 50,831 million ($885.3 million), a decrease from RUB 88,775 million as of December 31, 2021[89]. Cash Flow and Financing Activities - Cash and cash equivalents rose to RUB 99,866 million, up from RUB 79,275 million, indicating a growth of 26.1%[5]. - The net cash provided by operating activities for the nine months ended September 30, 2022, was 43,287 million RUB, compared to a net cash outflow of 11,792 million RUB in the same period of 2021[12]. - In the nine months ended September 30, 2022, the net cash used in financing activities was RUB (4,815) million, a significant decrease from RUB (68,738) million in the same period of 2021[15]. - The company reported a net change in cash and cash equivalents of RUB 21,618 million for the nine months ended September 30, 2022, compared to RUB (50,959) million in the same period of 2021[15]. - Cash paid for income taxes decreased to RUB 6,989 million in the nine months ended September 30, 2022, from RUB 10,460 million in the same period of 2021[15]. Shareholder Equity and Stock Performance - Shareholders' equity attributable to Yandex N.V. grew to RUB 306,982 million from RUB 258,176 million, marking an increase of 18.9%[5]. - The weighted average number of Class A and Class B shares used in per share computation for diluted earnings was 371,390,423 for the three months ended September 30, 2022[1]. - The diluted net income per share for Class A shares in 2022 was reported at $2.02, while the basic net income per share was 116.38[37]. - The company repurchased 93.2% of the aggregate principal amount of its convertible notes in June 2022[35]. Segment Performance - Search and Portal segment revenues increased to RUB 60,853 million in Q3 2022, up from RUB 41,951 million in Q3 2021, representing a growth of 45%[110]. - E-commerce, Mobility and Delivery segment revenues rose to RUB 63,348 million in Q3 2022, compared to RUB 42,509 million in Q3 2021, marking a 49% increase[110]. - Plus and Entertainment segment revenues reached RUB 7,817 million in Q3 2022, up from RUB 4,311 million in Q3 2021, reflecting an 81% growth[110]. - Classifieds segment revenues grew to RUB 3,371 million in Q3 2022, an increase from RUB 2,421 million in Q3 2021, which is a 39% rise[110]. - Total segment revenues for Q3 2022 amounted to RUB 145,583 million, up from RUB 97,198 million in Q3 2021, indicating a 50% increase[110]. - In the nine months ended September 30, 2022, total segment revenues reached RUB 385,836 million, up from RUB 263,628 million in the same period of 2021, representing a 46% increase[110]. Intangible Assets and Goodwill - Goodwill increased to RUB 143,125 million from RUB 117,864 million, representing a growth of 21.5%[5]. - The total acquisition-related intangible assets as of September 30, 2022, were valued at RUB 26,306 million, reflecting a net carrying value increase from RUB 17,188 million as of December 31, 2021[72]. - The gross amount of goodwill for the E-commerce, Mobility and Delivery segment increased to RUB 133,071 million as of September 30, 2022, from RUB 107,810 million as of June 30, 2021[71]. - The company recognized an impairment loss of RUB 2,740 million ($47.7 million) related to customer relationship assets in the E-commerce, Mobility and Delivery segment[74]. Tax and Legal Matters - The company's income tax expense for the three months ended September 30, 2022, was RUB 13,068 million, representing a 227.6% increase compared to RUB 5,402 million in the same period of 2021[76]. - As of September 30, 2022, unrecognized tax benefits totaled RUB 3,178 million ($55.4 million), which could affect the effective tax rate if recognized[79]. - The company accrued RUB 6,732 million ($117.3 million) for contingencies related to non-income taxes as of September 30, 2022[87]. - The company has identified possible contingencies related to non-income taxes, estimated to be up to RUB 19,839 million ($345.5 million) as of September 30, 2022[87].

Financial Performance - Total revenues for the six months ended June 30, 2022, reached RUB 223,758 million, a significant increase from RUB 154,538 million in the same period of 2021, representing a growth of 44.8%[7] - Operating costs and expenses for the six months ended June 30, 2022, totaled RUB 227,446 million, compared to RUB 159,528 million in the prior year, indicating an increase of 42.5%[7] - The net loss attributable to Yandex N.V. for the six months ended June 30, 2022, was RUB 8,657 million, a decline from a net income of RUB 5,766 million in the same period of 2021, reflecting a negative change of 250.5%[7] - Net income for the three months ended June 30, 2022, was RUB 8,056 million, a significant increase from a net loss of RUB 4,664 million in the same period of 2021, representing a turnaround of 257.5%[10] - Total comprehensive income attributable to Yandex N.V. for the six months ended June 30, 2022, was RUB 18,657 million, compared to a loss of RUB 5,926 million in the same period of 2021, reflecting a 364.7% improvement[10] - The company reported a diluted net income per share of (23.53) for the six months ended June 30, 2022, compared to a diluted net income per share of 15.54 in the same period of 2021[7] Cash Flow and Liquidity - Cash and cash equivalents as of June 30, 2022, were RUB 75,592 million, down from RUB 79,275 million as of December 31, 2021, a decrease of 4.3%[5] - Net cash provided by operating activities for the six months ended June 30, 2022, was RUB 16,827 million, a substantial increase of 328.9% compared to RUB 3,688 million in the same period of 2021[13] - The company reported a net cash used in investing activities of RUB 3,470 million for the six months ended June 30, 2022, a significant recovery from a cash outflow of RUB 48,509 million in the same period of 2021, indicating a 67.8% improvement[13] - The company incurred a net cash used in financing activities of RUB 3,935 million for the six months ended June 30, 2022, compared to a net cash used of RUB 588 million in the same period of 2021, indicating a 570.4% increase in cash outflow[17] Assets and Liabilities - Total assets as of June 30, 2022, amounted to RUB 482,421 million, a decrease from RUB 515,496 million as of December 31, 2021, representing a decline of 6.4%[5] - Total liabilities as of June 30, 2022, were RUB 242,571 million, compared to RUB 200,727 million in the previous period, indicating an increase of 20.8%[5] - The company’s retained earnings as of June 30, 2022, were RUB 125,293 million, a decrease from RUB 131,488 million as of December 31, 2021, representing a decline of 4.5%[5] - The total shareholders' equity as of June 30, 2022, was RUB 281,356 million, compared to RUB 272,056 million as of December 31, 2021, indicating an increase of 3.4%[5] Segment Performance - Search and Portal segment revenues increased from RUB 39,212 million in Q2 2021 to RUB 51,233 million in Q2 2022, representing a growth of 30.5%[111] - E-commerce, Mobility and Delivery segment revenues rose from RUB 37,007 million in Q2 2021 to RUB 56,474 million in Q2 2022, marking a significant increase of 52.9%[111] - Total segment revenues for the company reached RUB 126,127 million in Q2 2022, up from RUB 87,237 million in Q2 2021, reflecting a growth of 44.6%[111] - Adjusted EBITDA for the total segments surged from RUB 5,698 million in Q2 2021 to RUB 25,650 million in Q2 2022, an increase of 350.5%[111] Debt and Financing - The total debt as of June 30, 2022, was RUB 49,796, a decrease of 43.9% from RUB 88,775 as of December 31, 2021[90] - Total convertible debt decreased from RUB 85,835 million as of December 31, 2021, to RUB 3,022 million as of June 30, 2022, with an effective interest rate increase from 3.4% to 5.4%[94] - The company recognized a gain of $177.4 million (RUB 9,305) from the troubled debt restructuring of its Notes, impacting net income per Class A and Class B shares by RUB 23.05 and 22.74, respectively, for the three months ended June 30, 2022[93] Accounting and Taxation - The effective income tax rate for Yandex N.V. was 25.8% for the three and six months ended June 30, 2022, compared to 25% for the same periods in 2021[78] - The provision for income taxes increased significantly, reaching RUB 4,280 in Q2 2022, a 122.2% increase compared to RUB 1,920 in Q2 2021[79] - Unrecognized tax benefits amounted to RUB 1,310 as of June 30, 2022, which, if recognized, would affect the effective tax rate[79] Other Financial Metrics - The company recognized share-based compensation expense of RUB 3,627 million for the period ending June 30, 2022[25] - The company recognized an impairment loss of RUB 2,740 million ($53.6 million) related to customer relationships in the E-commerce, Mobility, and Delivery segments in June 2022[74] - The total carrying amount of loans granted was RUB 7,630 million ($149.1 million) as of June 30, 2022[62] - The company recorded a foreign currency translation adjustment of RUB 2,803 in Q2 2022, a 54.8% increase compared to RUB 114 in Q2 2021[80]

Financial Performance - Total revenues for Q1 2022 reached RUB 106,010 million, a 45% increase compared to RUB 73,136 million in Q1 2021[3] - Adjusted EBITDA decreased significantly by 88%, from RUB 11,021 million in Q1 2021 to RUB 1,271 million in Q1 2022[3] - Net loss for Q1 2022 was RUB 13,037 million, compared to a net loss of RUB 3,220 million in Q1 2021[3] - Total revenues for E-commerce, Mobility, and Delivery segment rose by 61% year-on-year, with E-commerce services being the largest contributor[18] - Adjusted EBITDA for E-commerce, Mobility, and Delivery segment was negative RUB 8,203 million, reflecting investments in fast-growing sectors[20] - Classifieds segment revenues grew by 22% year-on-year, driven by increased revenues from auto dealers' listings[25] - Other Business Units and Initiatives revenues increased by 51% year-on-year, mainly supported by Cloud, Devices, and Education[28] - Total operating expenses rose by 61% year-on-year, primarily due to personnel expenses and headcount growth[33] - Loss from operations in Q1 2022 was RUB 12.4 billion, a significant increase from a loss of RUB 0.3 billion in Q1 2021[36] - Net loss attributable to Yandex N.V. for the three months ended March 31, 2022, was RUB (14,423) million, compared to a net loss of RUB (2,977) million in the same period of 2021, indicating a deterioration of approximately 384%[57] - Cash flows used in operating activities were RUB (4,049) million in Q1 2022, compared to RUB 8,561 million in Q1 2021, a decline of 148%[59] Revenue Growth - Online ad revenues grew by 16% year-on-year, from RUB 35,996 million in Q1 2021 to RUB 41,658 million in Q1 2022[3] - Gross Merchandise Value (GMV) of E-commerce surged by 164% year-on-year, from RUB 24,486 million in Q1 2021 to RUB 64,580 million in Q1 2022[3] - Mobility GMV increased by 40% year-on-year, driven by strong demand for shared transportation services[17] - E-Commerce GMV surged by 164% year-on-year, primarily due to the growth in 3P Yandex Market and improvements in customer value proposition[17] - The share of 3P GMV in Yandex Market increased to 81% in Q1 2022, compared to 66% in Q1 2021[18] - Ex-TAC revenues rose by 47% from RUB 67,735 million in Q1 2021 to RUB 99,864 million in Q1 2022[61] Subscriber and User Growth - The number of Yandex Plus subscribers increased by 36% year-on-year, reaching 12.2 million in Q1 2022[3] - The number of active buyers on Yandex Market increased by 79% year-on-year, reaching 10.8 million as of the end of Q1 2022[15] - The number of rides in Mobility services grew by 36% compared to Q1 2021[15] - Yandex Plus subscribers reached 12.2 million, a 36% increase from Q1 2021[22] Cost and Expenses - The cost of revenues increased to RUB 51,011 million for the three months ended March 31, 2022, up from RUB 34,042 million in the same period of 2021, reflecting a rise of about 50%[57] - Operating costs and expenses for the three months ended March 31, 2022, totaled RUB 118,444 million, compared to RUB 73,403 million in the same period of 2021, representing an increase of approximately 61%[57] - Total SBC expenses increased by 8% in Q1 2022, amounting to RUB 6,265 million compared to RUB 5,804 million in Q1 2021[35] - The company experienced a significant increase in depreciation of property and equipment, rising from RUB 3,776 million in Q1 2021 to RUB 5,791 million in Q1 2022, a growth of 53%[59] Geopolitical Impact - Due to geopolitical developments, the company is unable to provide forward-looking guidance for 2022[4] - The company is closely monitoring the geopolitical crisis and its impact on the macroeconomic climate in Russia, which has resulted in significant volatility of the ruble[41] - The company remains committed to investing in the development of key businesses and services despite the current economic challenges[42] - The analysis of the financial position as of March 31, 2022, shows no material impact from the geopolitical crisis on goodwill and non-current assets[42] Financial Position - Total current assets decreased to RUB 179,796 million as of March 31, 2022, from RUB 199,975 million as of December 31, 2021, a decline of about 10%[57] - Total liabilities increased to RUB 261,031 million as of March 31, 2022, compared to RUB 242,571 million as of December 31, 2021, marking an increase of approximately 8%[57] - Shareholders' equity attributable to Yandex N.V. was RUB 258,176 million as of March 31, 2022, up from RUB 234,387 million as of December 31, 2021, reflecting an increase of about 10%[57] - The total non-current assets increased to RUB 331,374 million as of March 31, 2022, from RUB 315,521 million as of December 31, 2021, reflecting an increase of approximately 5%[57] - The company’s cash and cash equivalents rose to RUB 86,047 million as of March 31, 2022, compared to RUB 79,275 million as of December 31, 2021, an increase of about 8.9%[57] - Cash and cash equivalents at the end of the period were RUB 86,312 million, compared to RUB 92,925 million at the beginning of the period[59] Tax and Interest - The effective tax rate for Q1 2022 was 22.4%, up from 21.2% in Q1 2021[38] - The company reported an interest income of RUB 1,362 million for the three months ended March 31, 2022, compared to RUB 1,177 million in the same period of 2021, indicating a growth of about 16%[57] Foreign Exchange and Other Losses - The company reported a foreign exchange loss of RUB (1,672) million in Q1 2022, compared to RUB (264) million in Q1 2021[62]

TABLE OF CONTENTS YANDEX N.V. INDEX TO CONSOLIDATED FINANCIAL STATEMENTS Table of Contents | --- | --- | --- | --- | |-------------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- ...

Presentation Investor February 2022 FORWARD LOOKING STATEMENT DISCLAIMER This presentation contains forward-looking statements that involve risks and uncertainties. These include statements regarding our future financial and business performance, our business and strategy and the impact of the COVID-19 pandemic on our industry, business and financial results. Actual results may differ materially from the results predicted or implied by such statements, and our reported results should not be considered as an ...

Yandex N.V. (NASDAQ:YNDX) Q4 2021 Earnings Conference Call February 15, 2022 8:00 AM ET Company Participants Yulia Gerasimova - Head of Investor Relations Tigran Khudaverdyan - Deputy Chief Executive Officer Svetlana Demyashkevich - Chief Financial Officer Alexander Balakhnin - Chief Financial Officer & Head of Strategy of Yandex.Market Vadim Marchuk - Chief Operating Officer Yevgeny Senderov - Chief Financial Officer of YandexTaxi Conference Call Participants Slava Degtyarev - Goldman Sachs Cesar Tiron of ...

Yandex Company Presentation October 2021 | --- | --- | |-------|-------| | | | | | | This presentation contains forward-looking statements that involve risks and uncertainties. These include statements regarding our future financial and business performance, our business and strategy and the impact of the COVID-19 pandemic on our industry, business and financial results. Actual results may differ materially from the results predicted or implied by such statements, and our reported results should not be cons ...

Yandex N.V. (NASDAQ:YNDX) Q3 2021 Earnings Conference Call October 27, 2021 8:00 AM ET Company Participants Yulia Gerasimova - Investor Relations Tigran Khudaverdyan - Deputy Chief Executive Officer Svetlana Demyashkevich - Chief Financial Officer Vadim Marchuk - Chief Operating Officer Daniil Shuleyko - Head of E-Commerce and Ride-Tech Business Group Yevgeny Senderov - Chief Financial Officer of Yandex.Taxi Conference Call Participants Cesar Tiron - Bank of America Merrill Lynch Ulyana Lenvalskaya - UBS Il ...

Yandex N.V. (NASDAQ:YNDX) Q2 2021 Earnings Conference Call July 28, 2021 8:00 AM ET Company Participants Yulia Gerasimova - Investor Relations Director Tigran Khudaverdyan - Deputy Chief Executive Officer Daniil Shuleyko - Head of E-commerce and Ride-Tech Business Group Svetlana Demyashkevich - Chief Financial Officer Vadim Marchuk - Chief Operating Officer Yevgeny Senderov - Chief Financial Officer of Yandex.Taxi Conference Call Participants Vyacheslav Degtyarev - Goldman Sachs Cesar Tiron - Bank of Americ ...

Yandex Company Presentation July 2021 | --- | --- | |-------|-------| | | | | | | This presentation contains forward-looking statements that involve risks and uncertainties. These include statements regarding our future financial and business performance, our business and strategy and the impact of the COVID-19 pandemic on our industry, business and financial results. Actual results may differ materially from the results predicted or implied by such statements, and our reported results should not be conside ...