Yandex removed its annual forecast after attacks on data centers. But business began to slow even before they did. This material (information) is produced and distributed by the foreign agent of the bell or relates to the activity of the foreign agent of the bell. 18+ Yandex reported the third quarter. The main news is the withdrawal of forecasts for annual revenues and the events after attacks on data centers that occurred in October, that is, after the reporting period. But the publication shows that it will be difficult to fulfill the company's forecast even without the consequences of the Ukrainian attacks. The company expected an increase in revenues of about 20%, to 1.73 trillion rubles, and the coordinated events of 350 billion rubles. The problem is that revenue growth slowed significantly all year: from 22% in the first quarter to 16% in the second quarter and 12% in the third. The increase in events - from 50% to 35% and 12% respectively. Adjusted net profit in the third quarter increased by only 2%, to 46 billion rubles. That means to meet the previous revenue forecast, Yandex would have to accelerate its revenue growth to about 28% year-over-year in the fourth quarter -- a tough target, given that the company's core business -- search and advertising -- is barely growing. ◽ It is increasingly difficult for Yandex's core business to grow rapidly. Revenues from search services and artificial intelligence increased by only 4% compared to the year. The company explains this by the sale of Avto.ru, weak demand in ad services and a decrease in sales of smart devices due to the reorganization of logistics after attacks on market warehouses. Advertising added 9%. In the search market, where Yandex has 69% (in the second quarter it was 69.9%), sources of new growth must be sought outside of search itself - for example in advertising in instant messages, smart TVs and digital outdoor screens (revenues from these formats increased by 72%). This is important because it is still this block that "feeds" the company: it earned 67.3 billion rubles in the event-adjusted quarter - while the group as a whole earned 88 billion rubles.

Yandex removed its annual forecast after attacks on data centers. But business began to slow even before they did. This material (information) is produced and distributed by the foreign agent of the bell or relates to the activity of the foreign agent of the bell. 18+ Yandex reported the third quarter. The main news is the withdrawal of forecasts for annual revenues and the events after attacks on data centers that occurred in October, that is, after the reporting period. But the publication shows that it will be difficult to fulfill the company's forecast even without the consequences of the Ukrainian attacks. The company expected an increase in revenues of about 20%, to 1.73 trillion rubles, and the coordinated events of 350 billion rubles. The problem is that revenue growth slowed significantly all year: from 22% in the first quarter to 16% in the second quarter and 12% in the third. The increase in events - from 50% to 35% and 12% respectively. Adjusted net profit in the third quarter increased by only 2%, to 46 billion rubles. That means to meet the previous revenue forecast, Yandex would have to accelerate its revenue growth to about 28% year-over-year in the fourth quarter -- a tough target, given that the company's core business -- search and advertising -- is barely growing. ◽ It is increasingly difficult for Yandex's core business to grow rapidly. Revenues from search services and artificial intelligence increased by only 4% compared to the year. The company explains this by the sale of Avto.ru, weak demand in ad services and a decrease in sales of smart devices due to the reorganization of logistics after attacks on market warehouses. Advertising added 9%. In the search market, where Yandex has 69% (in the second quarter it was 69.9%), sources of new growth must be sought outside of search itself - for example in advertising in instant messages, smart TVs and digital outdoor screens (revenues from these formats increased by 72%). This is important because it is still this block that "feeds" the company: it earned 67.3 billion rubles in the event-adjusted quarter - while the group as a whole earned 88 billion rubles.