October 29, 2024. MCPAO Yandex (MOEX: YDEX), a leading privately owned IT company that builds and develops world-class services and technologies for users and businesses, announces its unaudited financial results for the third quarter of 2024.
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.
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