Yandex's net loss under IFRS for the first quarter of 2025 amounted to 10.8 billion rubles against a profit of 20.1 billion rubles a year earlier. Adjusted net profit fell by 41% to RUB 12.8 billion from RUB 21.6 billion. Adjusted EBITDA increased by 30% to RUB 48.9 billion from RUB 37.6 billion. This was announced by the company.
Revenue increased by 34% to 306.5 billion rubles from 228.3 billion rubles a year earlier. Revenue of the Search and Portal segment increased by 21% to 113.7 billion rubles from 93.6 billion rubles, urban services (e—commerce, ridetech and delivery) - by 45% to 177.6 billion rubles from 122.1 billion rubles.
The number of core staff increased to 29.97 thousand from 25.9 thousand, and the total number of staff increased to 94.64 thousand from 87.38 thousand.
ICPAO YANDEX is a private technology company that became the parent company of the Yandex Group after the completion of the restructuring.
YANDEX creates services and products based on artificial intelligence that help users and businesses online and offline.
Yandex has been working on a popular search engine in Russia since 1997. The company develops ridetech and foodtech areas, manages navigation, advertising and entertainment services, engages in e-commerce, financial technology, logistics and cloud computing, and offers educational projects for people of different ages. The company has a Yandex Plus loyalty program that combines various company services.
Yandex's adjusted net profit for 2024 under IFRS increased by 94% to RUB 100.9 billion from RUB 52.1 billion a year earlier. Net profit fell by 79% to 11.5 billion rubles from 55.6 billion rubles. Revenue increased by 37% to RUB 1.09 trillion from RUB 798.1 billion, adjusted EBITDA increased by 56% to RUB 188.6 billion from RUB 120.8 billion.
