Earnings Report /
Russia

Yandex NV: Strong 2Q21 results, raises 2021 guidance – POSITIVE

  • Yandex (YNDX US, O/W, TP $79.5) reported a strong set of 2Q21

  • The top line of RUB81.4bn came in 4.1-4.6% above our and consensus estimates, adj. EBITDA of RUB5.8

  • Online ads revenue surprised with 60% y/y revenue growth

Anna Kurbatova
Anna Kurbatova

Senior Analyst, TMT & Agro

Olesya Vorobyeva
Olesya Vorobyeva

Analyst, TMT, Agro and Retail

Alfa
28 July 2021
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