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From the end of March until mid-June, while Moscow was under coronavirus lockdown, the Russian capital emptied out—mostly. On walks to the supermarket or pharmacy I was passed by streams of cyclists in the trademark yellow uniform of Yandex’s food delivery service. On the road, the few vehicles aside from police cars or buses were…
18 Feb in 2:03 Reuters Russia’s Yandex, which on Tuesday reported a 2% rise in 2020 net profit, plans to spend $400 million-$500 million on an e-commerce push this year to help annual revenue reach 305-320 billion roubles ($4.1-4.3 billion), its finance chief said, Reuters reports. Yandex’s core advertising business took a hit during the early stages of the COVID-19 pandemic, but surging interest in online transactions allowed other segments of its business to flourish, including food delivery and e-commerce, whose gross merchandise volume (GMV) increased by 127% in the fourth quarter...
EQS-News: Yandex N.V.: Yandex Announces Fourth Quarter and Full-Year 2020 Financial Results Yandex Announces Fourth Quarter and Full-Year 2020 Financial Results 16.02.2021 / 14:00 MSK Yandex Announces Fourth Quarter and Full-Year 2020 Financial Results MOSCOW and AMSTERDAM, the Netherlands, February 16, 2021 -- Yandex (NASDAQ and MOEX: YNDX), one of Europe's largest internet companies and the leading search and ride-hailing provider in Russia, today announced its unaudited financial results for the fourth quarter and the full year ended December 31, 2020. Q4 2020 Financial Highlights 1,2 Q4 ...
Russia's Yandex, which on Tuesday reported a 2% rise in 2020 net profit, plans to spend $400 million-$500 million on an e-commerce push this year to help annual revenue reach 305-320 billion roubles ($4.1-4.3 billion), its finance chief said.