Yandex reports 22% rise in Q1 revenue, says board to consider share buyback

Published: 2026-04-28 02:19:51 ET NBIS

Published on 04/28/2026 at 02:19 am EDT

MOSCOW, April 28 (Reuters) - Russia's largest internet company Yandex reported a 22% increase in revenue to 372.7 billion roubles ($4.98 billion) for the first quarter of 2026.

Adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) increased by 50% to 73.3 billion roubles with adjusted net profit rising 2.7-fold to 34.7 billion roubles.

Yandex kept its 2026 forecasts unchanged, expecting revenue to rise by around 20%, with adjusted EBITDA seen at around 350 billion roubles.

The company also said its board would consider a share buyback of up to 50 billion roubles on May 4.

($1 = 74.8000 roubles)

(Reporting by Anastasia Lyrchikova)