Adjusted net income “Yandex” on US GAAP in 2015 decreased by 11%

Adjusted net income “Yandex” on US GAAP in 2015 decreased by 11%

MOSCOW, February 16. Adjusted net income “Yandex” on US GAAP in 2015 decreased by 11% compared to 2014 and amounted to 12.2 billion rubles, is spoken in the message of the company.

See also

Net profit of “Yandex” in the first half dropped by 50%

Adjusted net income in the 4th quarter reached 3.6 billion roubles and decreased by 8% compared with the figure for the same period of 2014, This reduction reflects the cost of “Yandex” for advertising campaign of various services ( “Yandex.Browser”, “Yandex.Taxi”, etc.), to maintain the salaries of the developers at a competitive level, as well as rent Moscow office, which is denominated in dollars, said the press service of the company.

With consolidated revenues of “Yandex” in 2015 compared with 2014 increased by 18% to 59.8 billion rubles Dynamics of growth was higher than company forecasts, according to which the revenues had to increase by 14-16%. Revenue in the fourth quarter of 2015 compared with the same period of 2014 increased by 23% to 18.1 billion rubles the company’s Revenue minus the reward partners by the end of 2015 increased by 19% to 47 billion rubles.

The company expects that in 2016, revenue growth will be 12-18% compared to 2015, “We continued to develop areas that are not related to the search and select “Yandex.Taxi”, and “Yandex.Market” in individual business areas. We will actively invest in them to accelerate their growth in 2016″, – said General Director of “Yandex” in Russia Alexander Shulgin, whose words are reported.

The share of the Russian search market, including search on mobile devices in the fourth quarter, according to LiveInternet, an average of 57.3%. The number of search queries increased by 5% compared with the figure for the fourth quarter of 2014, “Despite an unfavourable economic climate and tough competition, we managed to stabilize our market share,” said the head of the group of companies “Yandex” Arkady Volozh.

The number of advertisers exceeded $ 394 thousand, which is 24% higher than in the fourth quarter of 2014, and 11% more than in the third quarter of 2015, said the report “Yandex”.

Operating profit of “Yandex” in 2015 decreased by 37% to 9.6 billion rubles. Adjusted EBITDA remained at the level of 2014, amounting to 21 billion rubles