Date: 6 months ago   Category: Hi-Tech

Revenue of "Yandex" has grown more than by a third in the third quarter - to 32,6 billion rubles


The share of income from advertizing is reduced, proceeds from the taxi and delivery of food continue to grow at three-digit rates.

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Revenue of "Yandex" for July-September, 2018 has grown by 39% and has made 32,6 billion rubles. Net profit has increased by 5,5 times, to 4,8 billion rubles, it is told in the reporting of the company for the third quarter 2018.

the Corrected net profit has made 6,1 billion rubles (growth by 157%) and 6 billion rubles without Yandex.Market (growth by 167%).

For July-September of sale of advertizing of Internet advertizing have grown by 18%, to 25,9 billion rubles against 21,8 billion the previous year.

Other income of which 20% of revenue were the share for the third quarter have grown by 327%. To high growth promote "to Yandex. Taxi" and karshering "Yandex. The drive", started in February, 2018. Taxi segment ("Yandex. The taxi", Uber in Russia and "Yandex. Food") - revenue of 5,1 billion rubles, growth by 344%. Services of announcements ("Car. ру", "Yandex. Real estate" and "Yandex. Work") - 988 million rubles, growth by 80%. Media services (Kinopoisk, "Yandex. Music", "Yandex. Poster" and "Yandex. TV program") - 414 million rubles, growth by 43%. Experimental direction ("Zen", "Yandex. Cloud", "Yandex. Health", "Yandex. The drive" and Yandex Data Factory) - 706 million against 92 million rubles the previous year. "Yandex. Cloud" and "Yandex. Health" treated a search segment earlier. Yandex.Market was considered in revenue of "Yandex" till April 27, 2018. On a comparable basis his revenue for the third quarter has grown by 71% and has made 1,8 billion rubles.

Business, general running and administrative expenses of "Yandex" in the third quarter have grown by 11% and have made nearly 9 billion rubles. Growth of expenses was slowed down generally thanks to optimization of expenses on "Yandex. The taxi" and to effect of advertizing and marketing campaigns, is told in the reporting.

the Share of "Yandex" in the Russian search (including search on mobile devices) in the third quarter 2018 has made 55,9% against 56,2% in the second quarter. The share of search queries in "Yandex" with Android smartphones has made 49,1% against 47,8% in the second quarter. Data on search the company provides on the basis of analytical service "Yandex. Radar". "Yandex" fantastically quickly develops. We show the same growth rates, as in 2012 when the company was four times less. Progress is directly connected with new products of business units and a special ecosystem which promotes origin and rapid growth of new businesses.

Besides, always attracted with "Yandex" really talented people: they think out and develop technologies of the future. This quarter we have again shown fine results.

our service of the order of the taxi actively developed and following the results of the third quarter became profitable in Russia - in our key market. To provide further development of the Taxi segment, we will continue to invest in other services of this direction: фудтех and self-driving cars, - and also in development of the new markets.

Arkady Volozh

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