Yandex, N. V. (YNDX)

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Yandex Announces Second Quarter 2013 Financial Results

MOSCOW and THE HAGUE, Netherlands, July 25, 2013 (GLOBE NEWSWIRE) -- Yandex (Nasdaq:YNDX), one of Europe's largest internet companies and the leading search provider in Russia, today announced its financial results for the second quarter ended June 30, 2013.

Q2 2013 Financial Highlights

Revenues of RUR 9.2 billion ($281.2 million1), up 35% compared with Q2 2012
Ex-TAC revenues2 (excluding traffic acquisition costs) up 37% compared with Q2 2012
Income from operations of RUR 3.2 billion ($98.4 million), up 43% compared with Q2 2012
Adjusted EBITDA3 of RUR 4.3 billion ($131.6 million), up 40% compared with Q2 2012
Operating margin of 35.0%
Adjusted EBITDA margin2of 46.8%
Adjustedex-TAC EBITDA margin2 of 55.6%
Net income of RUR 2.9 billion ($89.1 million), up 47% compared with Q2 2012
Adjusted net income3 of RUR 3.1 billion ($93.5 million), up 48% compared with Q2 2012
Net income margin of 31.7%
Adjusted net income margin2of 33.2%
Adjusted ex-TAC net income margin2 of 39.5%
Cash, deposits and investments in debt securities of RUR 30.8 billion ($940.1 million) as of June 30, 2013