Yandex reports 16% rise in Q2 2026 revenue to 386 billion roubles, proposes 110 roubles-per-share dividend for H1
Yandex reported strong Q2 results with 16% revenue growth and outsized EBITDA and net profit expansion, alongside a proposed interim dividend of 110 roubles per share and reaffirmed full-year guidance. The print reinforces confidence in profitability and cash-return capacity within Russia's domestic tech sector. Broader cross-asset impact appears limited given the company-specific nature of the catalyst.
AI Insight · NCCOGOLD2USD/USDTAI Insight
▲ Bullish
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Yandex said 2026 second-quarter revenue rose 16% year on year to 386 billion roubles, while adjusted EBITDA climbed 35% to 89 billion roubles. Adjusted net profit jumped 56% to 48 billion roubles. Management recommended a dividend of 110 roubles per share for the first half, with the board set to consider the proposal on July 31. The company maintained its 2026 outlook, expecting revenue to rise by around 20% and adjusted EBITDA to reach 350 billion roubles.