DJ Yandex Announces Third Quarter 2023 Financial Results Yandex N.V. Yandex Announces Third Quarter 2023 Financial Results 27-Oct-2023 / 12:00 MSK The issuer is solely responsible for the content
Yandex N.V. Yandex Announces Third Quarter 2023 Financial Results 27-Oct-2023 / 12:00 MSK The issuer is solely responsible for the content of this announcement.
GMV of other O2O services includes the total amount paid by customers and partner businesses for Yandex Delivery and Yandex Fuel services, the value of orders delivered through the Yandex Eats and Market Delivery food delivery services, Lavka Israel, and several other smaller O2O experiments, including VAT.
In RUB millions Three months ended September 30, Nine months ended September 30, 2022 2023 Change 2022 2023 Change Revenues 133,163 204,769 54% 356,921 550,539 54% Ex-TAC revenues 123,940 190,100 53% 334,216 512,124 53% Income from operations 10,797 12,084 12% 7,109 25,548 259% Adjusted EBITDA 20,003 26,528 33% 46,968 64,068 36% Net income 45,541 7,681 -83% 40,560 28,097 -31% Adjusted net income 5,009 3,366 -33% 10,019 15,583 56% Our segment disclosure is provided in the Segment financial...
-- Mobile search traffic was 70.8% of our total search traffic in Q3 2023. Mobile revenues represented 62.9%of our search revenues in Q3 2023 In RUB millions Three months ended September 30, Nine months ended September 30, 2022 2023 Change 2022 2023 Change Revenues 61,151 90,442 48% 156,163 236,403 51% Ex-TAC revenues 50,481 74,169 47% 130,021 193,984 49% Adjusted EBITDA 34,635 47,021 36% 83,637 122,745 47% Adjusted EBITDA margin 56.6% 52.0% -4.6 pp 53.6% 51.9% -1.
-- The number of active sellers7 on Yandex Market marketplace increased by 95% year-on-year and reached 68.4thousand as of the end of Q3 2023 An active buyer is a buyer who made at least 1 purchase in the last 12 months prior to the reporting date. An active seller is a seller who made at least 1 sale in the last 1 month prior to the reporting date.
Eliminations related to the E-commerce, Mobility and Delivery segment represent the eliminations of intercompany revenues between different businesses within the segment. The year-on-year dynamic was mainly attributed to our expansion of intercompany synergies with a higher volume of E-commerce and Food Delivery orders fulfilled by our Yandex Delivery business compared to a year ago.
In RUB millions Three months ended September 30, Nine months ended September 30, 2022 2023 Change 2022 2023 Change Revenues 11,203 18,805 68% 29,877 47,882 60% Adjusted EBITDA loss 64% 91% Adjusted EBITDA loss margin -96.3% -94.0% 2.3 pp -71.8% -85.7% -13.9 pp Other Business Units and Initiatives revenues increased 68% year-on-year in Q3 2023, driven mainly by Yandex Cloud, Devices and Alice, and Fintech.
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