What to Expect as Yandex Reports Its Q1 Results

Yandex (YNDX) is scheduled to report its results for the first quarter of 2019 on April 25. In the first quarter of 2018, Yandex’s revenue rose 29% YoY (year-over-year) to $464 million. The company made a profit of $32.3 million in the quarter, translating to EPS of $0.12.

Yandex didn’t provide performance guidance for the first quarter of 2019, but Wall Street expects the company to report revenue of $594 million, an increase of 28% YoY.

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In the fourth quarter of 2018, the most recently reported period, Yandex reported revenue growth of 39% YoY to $559.1 million supported by a gain in its core advertising business. In addition to advertising, Yandex is also in the cloud computing, taxi, e-commerce, and digital payment businesses.

With its revenue rising 39% YoY in the fourth quarter, Yandex emerged as the fastest-growing company among its major Internet search engine peers and some e-commerce giants in the period. Baidu (BIDU), the leading Internet search engine provider in China, recorded revenue growth of 22% YoY in the quarter.

Revenue rose 22% YoY at Google’s parent, Alphabet (GOOGL), in the fourth quarter. Amazon (AMZN) and eBay (EBAY) recorded revenue increases of 20% and 6.0%, respectively, YoY in the fourth quarter.

Yandex made a profit of $85.1 million in the fourth quarter, an increase of 69% YoY.