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Yandex Yandex Announces Second Quarter 2021 Financial Results MOSCOW and AMSTERDAM , the Netherlands , July 28 , 2021 -- Yandex ( NASDAQ and MOEX : YNDX ) , one of Europe's largest internet companies and the leading search and ride - hailing provider in Russia , today announced its unaudited financial results for the second quarter ended June 30 , 2021 Q2 2021 Financial and Operational Highlights 1,2 In RUB millions Three months ended June 30 , 2020 2021 Change Total Revenues 47,915 81,402 70 % Total Group on a like - for - like basis including Yandex.Market Online Ad Revenues 26,906 39,586 47 % Online Ad Revenues Ex - TAC 22,546 33,355 48 % Total Adjusted EBITDA 6,628 5,780 -13 % Total Adjusted EBITDA margin , % 13.8 % 7.1 % in 2020 Net loss ( 5,172 ) ( 4,664 ) Adjusted Net Income 755 1,012 -6.7 pp -10 % 34 % Share of Russian search market , % 59.6 % 59.7 % 0.1 pp Search share on Android , % 57.5 % 59.5 % 2.0 pp Search and Portal Revenues 25,554 39,419 54 % Revenues Ex - TAC 20,909 32,358 55 % Adjusted EBITDA 10,991 18,226 66 % Adjusted EBITDA margin , % 43.0 % 46.2 % 3.2 pp Revenues 13,131 28,120 114 % Rides YoY growth in the Ride - hailing service ( excl . -7 % 104 % n / m Logistics ) , % GMV3 of Ride - hailing ( excl . Logistics ) 51,713 134,909 161 % Taxi ( MLU ) GMV of FoodTech 9,985 17,421 74 % Total MLU Adjusted EBITDA ( incl . Ride - hailing , 51 1,568 n / m FoodTech , Drive and Logistics ) Ride - hailing Adjusted EBITDA margin ( as % of 3.6 % 3.5 % -0.1 pp GMV ) Total E - Commerce GMV4 13,764 35,139 155 % Yandex.Market Yandex.Market marketplace GMV 10,947 26,692 144 % Yandex.Market Adjusted EBITDA ( 1,844 ) ( 9,918 ) n / m Media Services Yandex Plus subscribers , MM 4.0 9.0 Zen Zen DAU , MM 16.8 19.2 128 % 14 % Share of video as % of time spent on Zen 14 % 28 % 14 pp ( 1 ) Pursuant to SEC rules regarding convenience translations , Russian ruble ( RUB ) amounts have been translated into U.S. dollars at a rate of RUB 72.3723 to $ 1.00 , the official exchange rate quoted as of June 30 , 2021 by the Central Bank of the Russian Federation . ( 2 ) The following measures presented in this release are " non - GAAP financial measures " : ex - TAC revenues , adjusted EBITDA , adjusted EBITDA margin , adjusted net income , adjusted net income margin , financial results on a like - for - like basis including Yandex.Market in the prior year period . Please see the section " Use of Non - GAAP Financial Measures " below for a discussion of how we define these measures , as well as reconciliations at the end of this release of each of these measures to the most directly comparable U.S. GAAP measures . ( 3 ) GMV is value of delivered ( and settled by customers ) orders recognized on the date of delivery at their final prices , including VAT . ( 4 ) E - Commerce GMV is defined as the value of all merchandise sold through our Yandex.Market marketplace and Yandex . Lavka as well as the value of grocery products sold through Yandex.Eats ( delivered and paid for ) to customers including VAT . 1