Yandex reaffirms forecast for revenue to grow more than 30% in 2025, adjusted EBITDA to top 250 bln rubles

MOSCOW. July 29 (Interfax) - Yandex has for the second time confirmed its guidance for revenue and adjusted EBITDA in 2025, the Russian technology company said in its financial statement.

The company expects revenue to grow by more than 30% and adjusted EBITDA to exceed 250 billion rubles this year.

The company initially issued the guidance in February, when it reported financial results for 2024, and then affirmed it at the end of the first quarter of 2025.

Yandex's revenue rose 37% to 1.1 trillion rubles in 2024, and adjusted EBITDA grew by 60% to 188.6 billion rubles.