Earnings Report /
Russia

Yandex NV: Strong 3Q21 results, raises 2021 guidance – POSITIVE

  • Yandex (YNDX US, O/W, TP $79.5) reported an expectedly strong set of 3Q21 numbers

  • Top-line and EBITDA 5-6.5% above consensus

  • Online ads revenue growth normalized to 27% y/y

Anna Kurbatova
Anna Kurbatova

Senior Analyst, TMT & Agro

Olesya Vorobyeva
Olesya Vorobyeva

Analyst, TMT, Agro and Retail

Alfa
27 October 2021
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