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Yandex reports 22% rise in Q1 revenue, says board to consider share buyback

Published by Global Banking & Finance Review

Posted on April 28, 2026

1 min read

· Last updated: April 28, 2026

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Yandex reports 22% rise in Q1 revenue, says board to consider share buyback
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Yandex Posts 22% Revenue Growth, Considers Major Share Buyback in Q1 2026

Yandex Q1 2026 Financial Performance and Strategic Plans

Revenue and Profit Highlights

MOSCOW, April 28 (Reuters) - Russia's largest internet company Yandex reported a 22% increase in revenue to 372.7 billion roubles ($4.98 billion) for the first quarter of 2026.

EBITDA and Net Profit Growth

Adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) increased by 50% to 73.3 billion roubles with adjusted net profit rising 2.7-fold to 34.7 billion roubles.

2026 Outlook and Forecasts

Yandex kept its 2026 forecasts unchanged, expecting revenue to rise by around 20%, with adjusted EBITDA seen at around 350 billion roubles. 

Share Buyback Consideration

Board Meeting and Buyback Details

The company also said its board would consider a share buyback of up to 50 billion roubles on May 4.

Exchange Rate Information

($1 = 74.8000 roubles)

Reporting Credit

(Reporting by Anastasia Lyrchikova)

Key Takeaways

  • Revenue growth continues robust momentum: +22% YoY in Q1 2026, aligning with full‑year guide of ~20% growth
  • Profitability accelerating sharply: adjusted EBITDA up 50% and net profit up 2.7‑fold, indicating margin expansion
  • Board weighing capital return via share buyback of up to ₽50 billion, signaling confidence in cash flow outlook

Frequently Asked Questions

What was Yandex's Q1 2026 revenue?
Yandex reported Q1 2026 revenue of 372.7 billion roubles ($4.98 billion), a 22% increase.
How much did Yandex's adjusted EBITDA grow in Q1 2026?
Yandex's adjusted EBITDA increased by 50% in Q1 2026, reaching 73.3 billion roubles.
Will Yandex consider a share buyback?
Yandex's board will consider a share buyback of up to 50 billion roubles on May 4.

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