Yandex N.V. (YNDX) is a tech-enabled company that develops ML-powered intelligent products and services. Using the company’s platform, the customers and businesses navigate the online and offline world in a better way. The company has delivered world-class search and information services along with navigation products. It also expanded its portfolio into online entertainment, and cloud computing to assist its Russian and international customers.
The price of YNDX stock during the regular trading on February 25, 2022, was $18.9 with a decline of 6.79%. At last check in the premarket on February 28, 2022, the stock plummeted further by 19.17%.
YNDX: Key Financials
On February 15, 2022, YNDX released its financial statement for the fourth quarter of 2021 ended December 31, 2021. Some of the main points are mentioned below.
Revenue
Total revenue in the fourth quarter of 2021 was 110.3 RUB million compared to 71.5 RUB million in the same period of 2020. The company observed a gain of 54% in its total revenue over the year.
EPS
Diluted net loss per share in Q4 2021 was 2.86 RUB million or 12.19 RUB compared to 95 RUB million or 0.81 RUB (net income per share) in the same quarter of 2020. The company observed a decline in EPS over the year and it topped the analysts’ estimates of EPS target by $0.03.
YNDX: Events and Happenings
YNDX will virtually host a Non-Deal Roadshow from March 14-18, 2022. The company’s Executive management will participate in the show. On January 19, 2022, YNDX updated on settling with the Russian Federal Antimonopoly Service and Russian Internet companies’ consortium concerning an antitrust claim brought against the company. The claim was based on the abuse allegations of market dominance by the company. The settlement deal confirmed that the company had fulfilled all warning requirements.
On December 21, 2021, YNDX reported the completion of the restructuring of its JV with Uber about the ownership of MLU B.V. On December 6, 2021, YNDX announced that its key stockholder and CEO, Arkady Volozh, had decided to a further lock-up of his Class B shares.
Conclusion
YNDX stock is on a continuous declining trajectory for the past six months as it observed a decline of 75% in this period. The company’s recent premarket stock decline is likely associated with the continuously escalating Russian-Ukrainian conflict, which impacted the market negatively. There is no recent news or SEC filing available on the company’s official sources.
