DJ Yandex Announces Third Quarter 2023 Financial Results Yandex N.V. Yandex Announces Third Quarter 2023 Financial Results 27-Oct-2023 / 12:00 MSK The issuer is solely responsible for the content
Yandex N.V. 27-Oct-2023 / 12:00 MSK The issuer is solely responsible for the content of this announcement. =---------------------------------------------------------------------------------------------------------------------- AMSTERDAM, the Netherlands, October 27, 2023 -- Yandex , a Dutch public limited company and one of Europe's largest internet businesses, today announced its unaudited financial results for the third quarter ended September 30, 2023.
GMV of E-commerce is defined as the value of all merchandise sold through our Yandex Market marketplace and Yandex Lavka as well as the value of products sold through Yandex Eats and Market Delivery grocery service , including VAT. -- Neither Yandex N.V. nor any of its group companies is a target of sanctions in the United States,European Union, Switzerland or United Kingdom, and the Yandex group is not owned or controlled by any persons whohave been designated under such sanctions. In July 2023, our"Yandex Pay" subsidiary was designated in Canada; suchdesignation does not apply to Yandex N.V. or its other group companies or operations. Yandex continues to closelymonitor developments in this regard.
In RUB millions Three months ended September 30, Nine months ended September 30, 2022 2023 Change 2022 2023 Change Revenues 133,163 204,769 54% 356,921 550,539 54% Ex-TAC revenues 123,940 190,100 53% 334,216 512,124 53% Income from operations 10,797 12,084 12% 7,109 25,548 259% Adjusted EBITDA 20,003 26,528 33% 46,968 64,068 36% Net income 45,541 7,681 -83% 40,560 28,097 -31% Adjusted net income 5,009 3,366 -33% 10,019 15,583 56% Our segment disclosure is provided in the Segment financial...
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