Russian Search Giant Yandex Reports $200 Million In Revenues For Q4 2011, Up By 56%

Posted on Feb 22 2012 - 12:27pm by Editorial Staff

Yandex, the Russian search giant which was known lately with the news that it has joined hands with the world’s largest micro-blogging site Twitter for sharing real-time information has announced its quarterly earnings and financial results for the full year 2011.

The company generated the revenues of RUR 6.4 billion ($200.0 million1), up 56% compared with Q4 2010 in fourth quarter 2011 whereas generated the revenues of RUR 20.0 billion ($622.2 million1), up 60% compared with FY 2010 in the whole fiscal year 2011.

Q4 2011 Financial Highlights:

  • Revenues of RUR 6.4 billion ($200.0 million), up 56% compared with Q4 2010
  • Income from operations of RUR 2.6 billion ($80.8 million), up 44% compared with Q4 2010
  • Adjusted EBITDA of RUR 3.3 billion ($101.5 million), up 48% compared with Q4 2010
  • Operating margin of 40.4%
  • Adjusted EBITDA margin of 50.8%
  • Net income of RUR 2.1 billion ($65.9 million), up 51% compared with Q4 2010
  • Adjusted net income of RUR 2.2 billion ($68.3 million), up 50% compared with Q4 2010
  • Net income margin of 33.0%
  • Adjusted net income margin of 34.1%

FY 2011 Financial Highlights:

  • Revenues of RUR 20.0 billion ($622.2 million), up 60% compared with FY 2010
  • Income from operations of RUR 7.0 billion ($218.5 million), up 46% compared with FY 2010
  • Adjusted EBITDA of RUR 9.2 billion ($286.9 million), up 50% compared with FY 2010
  • Operating margin of 35.1%
  • Adjusted EBITDA margin of 46.1%
  • Net income of RUR 5.8 billion ($179.3 million), up 51% compared with FY 2010
  • Adjusted net income of RUR 6.0 billion ($186.5 million), up 51% compared with FY 2010
  • Net income margin of 28.8%
  • Adjusted net income margin of 30.0%
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