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EQS-News: Yandex to Announce First Quarter 2021 Financial Results on April 28th

Thursday, April 8, 2021 - 10:00am

Moscow and Amsterdam, the Netherlands, April 8, 2021 - Yandex (NASDAQ and MOEX: YNDX) today announced it will report its financial results for the quarter ended March 31, 2021, on Wednesday, April 28, 2021.

Key Points: 
  • Moscow and Amsterdam, the Netherlands, April 8, 2021 - Yandex (NASDAQ and MOEX: YNDX) today announced it will report its financial results for the quarter ended March 31, 2021, on Wednesday, April 28, 2021.
  • On that day, management will hold a conference call and webcast at 8:00 a.m. U.S. Eastern Time (3:00 p.m. Moscow time, 1:00 p.m. London time) to review and discuss the Company's results for the first quarter.
  • Yandex (NASDAQ and MOEX:YNDX) is a technology company that builds intelligent products and services powered by machine learning.
  • Yandex, which has more than 30 offices worldwide, has been listed on the NASDAQ since 2011.

EQS-News: Yandex to Announce Fourth Quarter and Full Year 2020 Financial Results on February 16th

Tuesday, January 26, 2021 - 8:01am

Moscow and Amsterdam, the Netherlands, January 26, 2021 - Yandex (NASDAQ and MOEX: YNDX) today announced it will report its financial results for the fourth quarter and full year ended December 31, 2020, on Tuesday, February 16, 2021.

Key Points: 
  • Moscow and Amsterdam, the Netherlands, January 26, 2021 - Yandex (NASDAQ and MOEX: YNDX) today announced it will report its financial results for the fourth quarter and full year ended December 31, 2020, on Tuesday, February 16, 2021.
  • On that day, management will hold a conference call and webcast at 8:00 a.m. U.S. Eastern Time (4:00 p.m. Moscow time, 1:00 p.m. London time) to review and discuss the Company's results for the fourth quarter and full year 2020.
  • Yandex (NASDAQ and MOEX:YNDX) is a technology company that builds intelligent products and services powered by machine learning.
  • Yandex, which has more than 30 offices worldwide, has been listed on the NASDAQ since 2011.

Yandex Announces Results of 2020 Annual General Meeting of Shareholders

Thursday, October 29, 2020 - 5:50pm

MOSCOW and AMSTERDAM, Oct. 29, 2020 (GLOBE NEWSWIRE) -- Yandex (NASDAQ and MOEX: YNDX), one of Europe's largest internet companies and the leading search and ride-hailing provider in Russia, today announced that all resolutions proposed at Yandex's 2020 Annual General Meeting of Shareholders ("AGM"), held on Thursday, October 29, 2020, have been approved.

Key Points: 
  • MOSCOW and AMSTERDAM, Oct. 29, 2020 (GLOBE NEWSWIRE) -- Yandex (NASDAQ and MOEX: YNDX), one of Europe's largest internet companies and the leading search and ride-hailing provider in Russia, today announced that all resolutions proposed at Yandex's 2020 Annual General Meeting of Shareholders ("AGM"), held on Thursday, October 29, 2020, have been approved.
  • Yandex also announced two reappointments to its Board of Directors.
  • The Class A shares and Class B shares voted together as a single class on all matters at the AGM.
  • The below are the results regarding the proposal to approve the 2020 statutory accounts of Yandex:

MY.GAMES Announces 33% Revenue Increase in Q3

Monday, October 26, 2020 - 10:00am

MOSCOW, Oct. 26, 2020 /PRNewswire/ --Global gaming brand MY.GAMES has announced an increase in revenue of 33% YoY in Q3 of 2020 to $145mn USD (RUB 10.672bn ) with MY.GAMES accounting for 40% of Mail.ru Group's quarterly revenue.

Key Points: 
  • MOSCOW, Oct. 26, 2020 /PRNewswire/ --Global gaming brand MY.GAMES has announced an increase in revenue of 33% YoY in Q3 of 2020 to $145mn USD (RUB 10.672bn ) with MY.GAMES accounting for 40% of Mail.ru Group's quarterly revenue.
  • The number of players reached 740 million globally, with a 6% increase QoQ.
  • Around 90% of MY.GAMES revenue was generated through own IP vs licensed titles, with mobile products accounting for 75% of revenue.
  • PC title Conqueror's Blade has reached 2.7 million players in Q3 with monthly revenue around $1 million and was successfully launched in Turkey in August.

Yandex and Tinkoff Group Terminate Discussions

Friday, October 16, 2020 - 10:05am

MOSCOW and AMSTERDAM, Oct. 16, 2020 (GLOBE NEWSWIRE) -- Yandex N.V. (NASDAQ and MOEX: YNDX) (Yandex, we or the Company), one of Europes largest internet companies and the leading search and ride-hailing provider in Russia, refers to its discussions regarding a possible offer for TCS Group Holding PLC (Tinkoff), as previously announced by the Company on September 22, 2020.

Key Points: 
  • MOSCOW and AMSTERDAM, Oct. 16, 2020 (GLOBE NEWSWIRE) -- Yandex N.V. (NASDAQ and MOEX: YNDX) (Yandex, we or the Company), one of Europes largest internet companies and the leading search and ride-hailing provider in Russia, refers to its discussions regarding a possible offer for TCS Group Holding PLC (Tinkoff), as previously announced by the Company on September 22, 2020.
  • Yandex regrets to confirm that it has not been able to agree definitive transaction terms with the core shareholders of Tinkoff, and accordingly that the parties have mutually agreed to terminate discussions regarding a possible offer by Yandex for 100% of the share capital of Tinkoff.
  • We wish to express our appreciation for the efforts Tinkoff has made in pursuing our discussions, and our continued respect for the Tinkoff team.
  • Yandex therefore confirms that it does not intend to make an offer for Tinkoff.

EQS-News: Yandex to Announce Third Quarter 2020 Financial Results on October 28th

Thursday, October 8, 2020 - 10:01am

Moscow and Amsterdam, the Netherlands, October 8, 2020 - Yandex (NASDAQ and MOEX: YNDX) today announced it will report its financial results for the quarter ended September 30, 2020, on Wednesday, October 28, 2020.

Key Points: 
  • Moscow and Amsterdam, the Netherlands, October 8, 2020 - Yandex (NASDAQ and MOEX: YNDX) today announced it will report its financial results for the quarter ended September 30, 2020, on Wednesday, October 28, 2020.
  • On that day, management will hold a conference call and webcast at 8:00 a.m. U.S. Eastern Time (3:00 p.m. Moscow time, 12:00 p.m. London time) to review and discuss the Company's results for the third quarter.
  • In this case please dial-in at least 10 minutes prior to the call start time (using dial-in number and confirmation code stated below).
  • Yandex (NASDAQ and MOEX:YNDX) is a technology company that builds intelligent products and services powered by machine learning.

Yandex Confirms Discussions with Tinkoff Group

Tuesday, September 22, 2020 - 5:58pm

MOSCOW and AMSTERDAM, Sept. 22, 2020 (GLOBE NEWSWIRE) -- Yandex N.V. (NASDAQ and MOEX: YNDX) (Yandex, we or the Company), one of Europes largest internet companies and the leading search and ride-hailing provider in Russia, today confirmed that it is in discussions with TCS Group Holding PLC (Tinkoff) regarding a possible offer by Yandex for 100% of the share capital of Tinkoff (the Potential Transaction).

Key Points: 
  • MOSCOW and AMSTERDAM, Sept. 22, 2020 (GLOBE NEWSWIRE) -- Yandex N.V. (NASDAQ and MOEX: YNDX) (Yandex, we or the Company), one of Europes largest internet companies and the leading search and ride-hailing provider in Russia, today confirmed that it is in discussions with TCS Group Holding PLC (Tinkoff) regarding a possible offer by Yandex for 100% of the share capital of Tinkoff (the Potential Transaction).
  • There can be no certainty that any firm offer will be made for Tinkoff, nor as to the final terms on which any firm offer might be made.
  • The current intention of Yandex and Tinkoff is for the Potential Transaction to be implemented by means of a scheme of arrangement of Tinkoff under Cyprus law.
  • If thePotential Transaction proceeds, Yandex will provide notice of its shareholders meetings and accompanying documentation in due course.

Yandex Restructures Self-Driving Business

Friday, September 4, 2020 - 9:00am

MOSCOW and AMSTERDAM, Sept. 04, 2020 (GLOBE NEWSWIRE) -- Yandex N.V. (NASDAQ and MOEX: YNDX) and Uber today entered into agreements to spin off the self-driving vehicles business, Yandex Self Driving Group B.V. (Yandex SDG) from their ride-hailing and foodtech joint venture, MLU B.V.

Key Points: 
  • MOSCOW and AMSTERDAM, Sept. 04, 2020 (GLOBE NEWSWIRE) -- Yandex N.V. (NASDAQ and MOEX: YNDX) and Uber today entered into agreements to spin off the self-driving vehicles business, Yandex Self Driving Group B.V. (Yandex SDG) from their ride-hailing and foodtech joint venture, MLU B.V.
  • Yandex will continue to consolidate the results of Yandex SDG and will be reporting Yandex SDG results in the Other Bets and Experiments segment of Yandex N.V.
  • Yandex will also purchase a portion of Ubers stake in Yandex SDG.
  • As a result of the transactions, Yandex will own 73% of Yandex SDG, while Uber will own 19%.

Yandex Contributes its Yandex.Drive Car-Sharing Business to Yandex Taxi Group

Friday, September 4, 2020 - 9:00am

Following the addition of Yandex.Drive to MLU, Yandex will own 61.7% of MLU, while Uber will own 33.5% of the issued share capital of the company.

Key Points: 
  • Following the addition of Yandex.Drive to MLU, Yandex will own 61.7% of MLU, while Uber will own 33.5% of the issued share capital of the company.
  • Yandex.Drive was developed by Yandex in February 2018.
  • The service provides a personalized user experience via integration with the Yandex.Auto in-car infotainment system, which integrates Yandex.Navigator, Yandex Music, and Yandexs voice-controlled intelligent assistant Alice.
  • The contribution of Yandex.Drive to Yandex Taxi Group mobility services opens up new synergies for users and the companys partners.

Yandex and Sberbank complete the reorganization of Yandex.Market and Yandex.Money

Thursday, July 23, 2020 - 10:30am

As a result, any financial services non-compete obligations between Yandex and Sberbank are now terminated.

Key Points: 
  • As a result, any financial services non-compete obligations between Yandex and Sberbank are now terminated.
  • A net cash consideration of RUB 39.6 billion has been transferred by Yandex to Sberbank.
  • Yandex and Sberbank will each continue to provide certain transition services to Yandex.Money and Yandex.Market, respectively, for an agreed period of time.
  • As a wholly owned subsidiary of Yandex NV, Yandex.Market will be consolidated in Yandex NVs financial results as of today.