New Street: YNDX US (Buy, TP: US$81, +8%) Yandex Q321 Quick Take: Strong performance as revenue guidance upgraded again
Yandex has again reported a strong set of Q321 results at the revenue level, allowing management to upgrade revenue guidance - once again.Yandex is an internet and technology company that operates an internet search engine in Russia. Co. builds intelligent products and services powered by machine learning. Co.'s products and services are based on complex, unique technologies that are not easily replicated. Co. generates substantially all of its revenues from online advertising. Co. also generates revenues from its e-commerce offerings, classifieds and e-hailing service. Co.'s businesses are organized in the following operating segments: Search and Portal; E-commerce; Taxi; Classifieds and Experimental businesses.
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