Revenue Yandex increased by 39%

Consolidated revenues of Yandex in the fourth quarter of 2019 increased egertova compared to 33% and amounted to 51.7 billion rubles (835,1 million U.S. dollars). Consolidated revenue, excluding Yandex.The market has grown compared to the previous year by 39% and amounted to 175,4 billion.

Net profit fell by 95% compared to the same indicator for the fourth quarter of 2018 and amounted to 0.3 billion rubles (4.5 million dollars). Net profit margin is 0.5%. Adjusted net profit (adjusted net income) amounted to 5.4 billion rubles (87.2 million USD) and decreased by 22% compared to the same indicator for the fourth quarter of 2018.

Consolidated revenue for the 2019 financial year increased by 37% and amounted to 175,4 billion (2833,2 million U.S. dollars). Revenue, excluding Yandex.Market, increased by 39%. Net profit amounted to 11.2 billion rubles (180,9 million U.S. dollars) and decreased by 75% compared to 2018. Adjusted net profit (adjusted net income) amounted to 23.5 billion rubles (380,3 million U.S. dollars) and increased by 6% compared to the 2018.

Revenue from online advertising, which includes sales of contextual and display advertising on Yandex websites and on websites advertising network, grew by 16% and amounted to 66% of the company’s total revenue in the fourth quarter of 2019.

the Taxi Segment (which includes Yandex.Taxi and Uber in Russia and CIS, FoodTech-direction Yandex.Food, service kits for cooking Yandex.Chef and hyperlocal grocery delivery service Yandex.Shop, as well as the development of unmanned vehicles) have received revenue in the amount of 38 billion rubles, which is 98% higher compared to the indicators in 2018. Quarterly segment revenue grew by 71% compared to the same indicator for the fourth quarter of 2018 and amounted to 23% of the totalher company’s revenue, while in the fourth quarter of last year it was 18%.

Yandex notes that the increase was due to the high levels of service taxi, Yandex.Taxi for business and FoodTech-direction.

Yandex.Music increased the number of subscribers to 3.1 million at the end of December 2019. Voice assistant “Alice” has brought the company an income of 1.5 billion rubles. This includes revenues from sales of its own devices, the company “Yandex.Station, “Yandex.Station Mini”, as well as partner speakers Elari SmartBeat, Irbis A, Dexp Smartbox and others.

other income in the fourth quarter of 2019 increased in comparison with the same indicator for the fourth quarter of 2018 by 127% and amounted to 11% of the total revenue of the company. The increase in other income due mainly to growth of incomes of Yandex.Drive revenue growth of media services, from sales of subscriptions, as well as projects in the field of Internet of things (IoT).