Yandex N.V. Reports Earnings Results for the First Quarter Ended March 31, 2024

Yandex N.V. specializes in Internet research services. The group develops and operates a general portal providing Internet services and tools (search engine, e-mail, discussion forums, blogs, instant messaging, translation and currency conversion tools, etc.), contents (news, articles, pictures, videos, etc.), mobile applications and e-commerce and taxi booking services platforms. Net sales break down by activity as follows: - online advertising (46.8%); - operation of a taxi reservation and ride-sharing platform (28.5%; Yandex.Taxi); - other (24.7%).