Yandex reports 22% rise in Q1 revenue, says board to consider share buyback
28/04/2026 07:06
MOSCOW, April 28 (Reuters) - Russia's largest internet company Yandex YDEX.MM reported a 22% increase in revenue to 372.7 billion roubles ($4.98 billion) for the first quarter of 2026. Adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) increased by 50% to 73.3 billion roubles with adjusted net profit rising 2.7-fold to 34.7 billion roubles. Yandex kept its 2026 forecasts unchanged, expecting revenue to rise by around 20%, with adjusted EBITDA seen at around 350 billion roubles. The company also said its board would consider a share buyback of up to 50 billion roubles on May 4. ($1 = 74.8000 roubles) (Reporting by Anastasia Lyrchikova) ((moscow.newsroom@thomsonreuters.com))