Revenue Structure - Yandex's revenue is broken down into 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 revenues from its Ad Network separately[4] Traffic Acquisition Costs (TAC) - Partner TAC is presented as a percentage of Ad Network revenue, while Distribution TAC is presented as a percentage of online advertising revenues from Yandex websites[16] - In Q1'14, Partner TAC was 1,039 MM RUB, and Distribution TAC was 1,149 MM RUB[15] - In Q1'20, Partner TAC was 1,740 MM RUB, and Distribution TAC was 1,740 MM RUB[15] Costs - Total Cost of Sales (COS) in Q1'20 was 16,235 MM RUB, representing 35% of revenue[23] - Product Development (PD) expenses in Q1'20 totaled 7,928 MM RUB, which is 17% of revenue[23] - Selling, General & Administrative (SG&A) expenses in Q1'20 were 13,542 MM RUB, accounting for 29% of revenue[23] - Depreciation & Amortization (D&A) in Q1'20 amounted to 4,010 MM RUB, or 9% of revenue[23] Segment Performance - Search and Portal revenue in Q1'20 grew 11% year-over-year to 30,126 MM RUB[24] - Taxi (Ride-hailing & FoodTech) revenue in Q1'20 increased 50% year-over-year to 11,422 MM RUB[24] - Classifieds revenue in Q1'20 grew 35% year-over-year to 1,488 MM RUB[24] - Media Services revenue in Q1'20 increased 95% year-over-year to 1,433 MM RUB[24]
Yandex(YNDX) - 2020 Q1 - Earnings Call Presentation