Yandex: Uncertainty Exists Despite Strong Performance (NASDAQ … – Seeking Alpha
Introduction
Despite the fact that Yandex (NASDAQ:YNDX) continues to show strong operating and financial results, trading in the shares is still suspended. In addition, uncertainty about the company’s future prospects is increasing due to the sale of some of the group’s media assets and unclear business restructuring plans, which increase investors’ concerns.
Survey of Q3 results
The company published operating and financial results for the 3rd quarter of 2022, which turned out to be stronger than investors’ expectations. The company’s revenue showed an increase of 46%, while EBITDA grew by 256%. The company’s EBITDA margin increased from 6.2% in 3Q21 to 15% in 3Q22. In addition, it managed to demonstrate a positive net profit for the period.
In addition, the company continues to reduce operating costs to maintain profitability and create a financial cushion in the face of economic and geopolitical uncertainty in the Russian market, however, as I wrote earlier, lower investment in…
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source: https://news.oneseocompany.com/2023/01/23/yandex-uncertainty-exists-despite-strong-performance-nasdaq-seeking-alpha_2023012339602.html
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