Russia's Yandex reports Q3 revenue rises by 36% [Yahoo! Finance]
Nebius Group N.V. - Class A Ordinary Shares (NBIS)
Company Research
Source: Yahoo! Finance
Adjusted net profit for the quarter jumped by 118% to 25.1 billion roubles, while adjusted earnings before interest, tax, depreciation and amortisation, reached 54.7 billion roubles. A Russian consortium of buyers in July finalised a $5.4 billion cash and shares deal to acquire Yandex's Russia-based assets, which had been held through Nasdaq-listed Dutch parent Yandex NV, the largest corporate exit since Russia's invasion of Ukraine in February 2022, albeit at a hefty discount. ($1 = 97.1500 roubles) (Reporting by Gleb Stolyarov; Writing by Anastasia Teterevleva; editing by Guy Faulconbridge)
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