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

Yandex Morgan Stanley TMT Conference March 2020 Forward Looking Statement Disclaimer This presentation contains forward-looking statements that involve risks and uncertainties. These include statements regarding the anticipated development of the internet search and the online advertising markets, the planned growth of our business, our anticipated revenues and capital. Actual results may differ materially from the results predicted or implied by such statements, and our reported results should not be consi ...

Yandex NV (NASDAQ:YNDX) Q4 2019 Earnings Conference Call February 14, 2020 8:00 AM ET Company Participants Katya Zhukova - IR Director Tigran Khudaverdyan - Deputy CEO & Director Gregory Abovsky - CFO & COO Yevgeny Senderov - CFO, Yandex Taxi BV Conference Call Participants Cesar Tiron - Bank of America Merrill Lynch Ulyana Lenvalskaya - UBS Investment Bank Slava Degtyarev - Goldman Sachs Group Christopher Kuntarich - Deutsche Bank Miriam Adisa - Morgan Stanley Vladimir Bespalov - VTB Capital Svetlana Sukha ...

Yandex N.V. (NASDAQ:YNDX) Q3 2019 Results Earnings Conference Call October 25, 2019 8:00 AM ET Company Participants Katya Zhukova - Investor Relations Arkady Volozh - Founder and Chief Executive Officer Tigran Khudaverdyan - Deputy Chief Executive Officer Greg Abovsky - Chief Operating and Chief Financial Officer Conference Call Participants Lloyd Walmsley - Deutsche Bank Cesar Tiron - Bank of America Miriam Adisa - Morgan Stanley Slava Degtyarev - Goldman Sachs Masha Kahn - HSBC Vladimir Bespalov - VTB Cap ...

Financial Data and Key Metrics Changes - In Q2 2019, consolidated revenue grew by 41% year-over-year, marking the fifth consecutive quarter of over 40% growth for Yandex [8][14] - Online advertising revenues, excluding Yandex.Market, increased by 21% year-over-year [14] - Adjusted net income rose by 16% year-over-year, with an adjusted net income margin of 14.1% [16] Business Line Data and Key Metrics Changes - Search and Portal revenues increased by 21% year-on-year, with adjusted EBITDA growing by 18% [17] - The Taxi segment saw a remarkable 117% year-on-year revenue growth, with adjusted EBITDA turning profitable at RUB 423 million [10][11] - Yandex.Eats, the food delivery service, reported over 600% revenue growth year-on-year [12] Market Data and Key Metrics Changes - The overall mobile surcharge surpassed 50% for the first time, averaging 58.1% in June, up 400 basis points year-on-year [9] - The number of rides in the Taxi segment increased by 49% year-on-year, with significant growth in both mature cities and regions [11] - Revenues from Other Bets and Experiments reached RUB 3.4 billion, a 203% increase year-on-year [20] Company Strategy and Development Direction - Yandex is focusing on enhancing its voice assistant, Alice, and integrating it into various platforms, including smart home devices [9][10] - The company is committed to expanding its Taxi services into regional markets and improving service quality through technology [11][12] - Yandex is investing in its cloud services, viewing it as a long-term opportunity despite slower market development compared to the U.S. [71][72] Management's Comments on Operating Environment and Future Outlook - Management acknowledged a challenging advertising market but expressed confidence in continued growth in online advertising due to a shift towards digital [8][14] - The company expects consolidated revenue growth, excluding Yandex.Market, to be between 32% and 36% year-over-year for the upcoming period [22] - Management emphasized the importance of safety, earnings for drivers, and affordability in the evolving regulatory environment for the Taxi segment [78][79] Other Important Information - Yandex ended the quarter with approximately RUB 75 billion in cash and cash equivalents, excluding Yandex.Market [22] - The company is actively working on alternatives for its headquarters lease, which expires in 2021 [68] Q&A Session Summary Question: Can you elaborate on the deceleration in CPC growth in the core search business? - Management explained that the focus is on driving higher returns for advertisers, which may lead to lower CPCs but higher paid clicks [25] Question: What is the current GMV run rate for the Taxi segment? - Management did not disclose the GMV but noted that the Taxi segment revenues increased by 117% in Q2 [29][30] Question: Are you seeing cannibalization between taxi rides and car-sharing? - Management acknowledged potential cannibalization but emphasized the goal of promoting a sharing economy [34] Question: What are the drivers behind the acceleration in media services growth? - The rollout of Yandex.Plus subscriptions and co-branded cards with banks were highlighted as key growth drivers [58] Question: How is the competitive landscape evolving in the cloud business? - Management stated that Yandex is a clear leader in technology within the Russian market, with significant potential for growth [71][72]

Yandex N.V. (NASDAQ:YNDX) Q1 2019 Results Earnings Conference Call April 25, 2019 8:00 AM ET Company Participants Katya Zhukova – Investor Relations Mikhail Parakhin – Chief Technology Officer, Head of Search and Portal Tigran Khudaverdyan – Head of Taxi Business Greg Abovsky – Chief Financial and Chief Operating Officer Conference Call Participants Ulyana Lenvalskaya – UBS Cesar Tiron – Bank of America Miriam Adisa – Morgan Stanley Slava Degtyarev – Goldman Sachs Lloyd Walmsley – Deutsche Bank Masha Kahn – ...