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Yandex Reports Q3 Profit Surge, Shares Rise

Yandex's diverse revenue streams drive impressive Q3 growth. Despite economic challenges, the tech giant is on track to meet its 2025 targets.

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Yandex Reports Q3 Profit Surge, Shares Rise

Yandex, the Russian tech giant, has reported a surge in profits for the third quarter. Subscription sales revenue jumped 48% to 23 billion rubles, while adjusted EBITDA surged 43% to 78.1 billion rubles, with a margin of 21.3%. Yandex shares rose over 3% following the earnings release.

The strong performance was driven by various segments. Advertising revenue grew 11% to 116 billion rubles in Q3. Meanwhile, adjusted net profit climbed 78% to 44.7 billion rubles. Yandex's management, led by CEO Arkady Volozh and Technical Director Mikhail Parakhin, has guided the company to maintain its revenue growth target of over 30% for 2025. The board, including prominent executives like Herman Gref and Tigran Khudaverdyan, has also raised the adjusted EBITDA guidance to 270 billion rubles for the year.

Yandex's robust financial performance in Q3 reflects the company's resilience and growth potential. Despite the challenging economic environment, Yandex continues to meet and exceed its targets, indicating a promising outlook for the future.

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