Yandex, the Russian tech giant, reports a profit increase in Q2 following previous quarter losses.
In a significant move, Russian tech giant Yandex has announced its financial results for the second quarter of 2025, revealing a robust recovery and a notable profitability rebound. The company's strong performance was marked by a 33% year-on-year increase in revenue, reaching an impressive 332.5 billion roubles, approximately $4.1 billion.
The company's adjusted net profit also saw a 34% year-on-year rise, reaching 30.4 billion roubles, or around $375 million. Additionally, adjusted earnings before interest, tax, depreciation, and amortisation (EBITDA) were up by 39% to 66 billion roubles, equivalent to approximately $800 million.
Yandex's revenue growth was primarily driven by its e-commerce and fintech services divisions. The company maintains its 2025 forecast for total revenue growth of more than 30% and adjusted EBITDA of 250 billion roubles.
In a shift from its historical focus on growth over dividends since separating from its Nasdaq-listed Dutch parent in 2024, Yandex has announced that it will again consider an 80-rouble-per-share dividend for the first half of 2025 at a meeting scheduled for July 31, 2025. This follows dividends paid on the half-year and full-year results in 2024.
The deal involving the acquisition of Yandex's assets by a Russian consortium, finalized in July 2024, is valued at $5.4 billion. This deal, the largest corporate deal since the start of Russia's war in Ukraine in February 2022, has not revealed the specific members of the Russian consortium.
| Metric | Q2 2025 Value | Growth YoY | |----------------------|------------------------|-----------------------------| | Revenue | 332.5 billion roubles | +33% | | Adjusted Net Profit | 30.4 billion roubles | +34% | | Adjusted EBITDA | 66 billion roubles | +39% | | Dividend policy | 80 roubles/share proposed for H1 2025 | Maintained from 2024 |
This data underscores Yandex's resilience and its commitment to shareholder value, as it continues to navigate the ever-changing tech landscape.
Yandex's financial results reveal a growth in revenue in its e-commerce and fintech services divisions, contributing to a robust recovery and notable profitability rebound in the business sector. The tech giant plans to distribute a dividend of 80 roubles per share, reflecting a shift towards a more balanced approach between growth and dividends.
