Russian Search Giant Yandex Announces Q2 Earnings: Revenue Was $207.2 Million, Net Income Was $60.4 Million

Posted on Jul 31 2012 - 11:24am by Editorial Staff

Russian search giant Yandex today announced its unaudited financial results for the quarter ended June 30, 2012. The company reported the revenues of RUR 6.8 billion ($207.2 million), up 50% compared with Q2 2011. Ex-TAC revenues2 (excluding traffic acquisition costs) up 45% compared with Q2 2011.

The income from operations was RUR 2.2 billion ($68.4 million), up 63% compared with Q2 2011. Adjusted EBITDA3 of RUR 3.1 billion ($93.5 million), up 60% compared with Q2 2011. Operating margin was 33% while adjusted EBITDA margin was 45%. Adjusted ex-TAC EBITDA margin was 54%.

Net income was RUR 2.0 billion ($60.4 million), up 76% compared with Q2 2011. Adjusted net income was RUR 2.1 billion ($63.0 million), up 64% compared with Q2 2011. Net income margin was 29%. Adjusted net income margin was 30%. Adjusted ex-TAC net income margin was 37%.

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