Yandex Announces Third Quarter 2024 Financial Results

Revenue for Q3 amounted to RUB 276.8 billion, up 36% year-over-year. Adjusted EBITDA amounted to RUB 54.7 billion, or 19.8% of revenue, an increase of 3.7 percentage points compared to the third quarter of 2023. Yandex maintains its forecast for 2024 - revenue growth of 38-40% year-over-year and adjusted EBITDA of RUB 170-175 billion.