Revenue Structure - Yandex's revenue breakdown includes Yandex Properties Online Ad Revenues, Advertising Network Online Ad Revenues, and Other Revenues[2] - Starting in Q1 2016, the company no longer provides a breakdown of online ad revenues into text-based and display revenues, but continues to present online advertising revenues from Yandex properties and its Ad Network separately[4] Paid Clicks and CPC Growth - In Q3'18, paid clicks, excluding Yandex Market, grew by 22% year-over-year[15] - In Q4'18, paid clicks, excluding Yandex Market, grew by 20% year-over-year[15] - In Q1'19, paid clicks, excluding Yandex Market, grew by 20% year-over-year[15] - In Q2'19, paid clicks, excluding Yandex Market, grew by 20% year-over-year[15] - In Q3'20, paid clicks, excluding Yandex Market, grew by 14% year-over-year[15] - In Q4'20, paid clicks, excluding Yandex Market, grew by 3% year-over-year[15] - CPC, excluding Yandex Market, grew by 2% in Q3'18 year-over-year[15] - CPC, excluding Yandex Market, grew by 4% in Q4'18 year-over-year[15] - CPC, excluding Yandex Market, grew by 4% in Q1'19 year-over-year[15] - CPC, excluding Yandex Market, grew by 1% in Q2'19 year-over-year[15] - CPC, excluding Yandex Market, decreased by 12% in Q3'20 year-over-year[15] - CPC, excluding Yandex Market, grew by 1% in Q4'20 year-over-year[15] TAC (Traffic Acquisition Costs) - Partner TAC is presented as a percentage of Ad Network Revenue[16] - Distribution TAC is presented as a percentage of Yandex Websites Online Ad Revenue[18] Capital Expenditures - In Q4 2018, capital expenditures were 139 billion RUB, including a one-time effect of 97 billion RUB for the acquisition of the property site for the new Moscow headquarters[24] Revenue Growth by Segment (FY'20) - Search & Portal revenue grew by 2% year-over-year[27] - Taxi revenue grew by 49% year-over-year[27] - Ride-hailing & FoodTech revenue grew by 56% year-over-year[27] - Drive revenue grew by 13% year-over-year[27] - Classifieds revenue grew by 7% year-over-year[27] - Media Services revenue grew by 102% year-over-year[27] - Other Bets and Experiments revenue grew by 50% year-over-year[27] - Total Revenues grew by 24% year-over-year[27] Adjusted EBITDA and Margin by Segment (FY'20) - Search & Portal adjusted EBITDA margin was 48%[28] - Taxi adjusted EBITDA margin was 5%[28] - Ride-hailing & FoodTech adjusted EBITDA margin was 9%[28] - Drive adjusted EBITDA margin was -21%[28] - Yandex Market adjusted EBITDA margin was -30%[28] - Classifieds adjusted EBITDA margin was 19%[28] - Media Services adjusted EBITDA margin was -48%[28] - Other Bets and Experiments adjusted EBITDA margin was -61%[28] - Total adjusted EBITDA margin was 23%[28]
Yandex(YNDX) - 2020 Q4 - Earnings Call Presentation