Yandex N.V. Announces Changes to Yandex.Maps Service
Apr 16 15
Yandex N.V. has announced two changes to its mapping service Yandex.Maps: a new interface and the inclusion of user generated content. The new interface makes it easier for users to find what they're looking for, whether a particular building or the name of an organization. The map not only provides the address but also shows how it looks in panoramic photographs, and suggests ways to get there by car or on public transportation. The map and panoramas now fill the entire browser screen. And while users have long had the ability to edit Yandex's Public Map, now this functionality has been added to the main Yandex.Maps viewed by millions of users. A simple map-editing tool allows users to update, correct and improve Yandex.Maps, combining their local knowledge with the work of Yandex's cartographers. Users' contributions are incorporated into Yandex.Maps once a month, after moderation. "Yandex's cartographers are responsible for creating and updating Yandex.Maps, but they can't keep up with every single change taking place across the country," said Yandex.Maps project manager Pavel Gushchin. Yandex.Maps allows users to search for addresses and organizations, view satellite and panoramic images of cities, and plot routes to reach a destination by car or public transportation. It is available on the website maps.yandex.ru and as a mobile application for Android, iOS and Windows Phone. While the English-language version of Yandex.Maps can be accessed at maps.yandex.com, the map editing functionality is currently available only on the Russian version of the service.
Yandex Plans to Open Branch in Shanghai
Mar 20 15
Yandex plans to open a branch office in the city of Shanghai in order to research the local market. The company doesn't plan to compete with the China-based search engine Baidu. The branch office would be focused on cooperation with China-based companies, offering them advertising services for the Russian market. The payment system Yandex. Money plans to process payments over the China regional online payment platform TradeEase, which operates in border areas with Russia.
Yandex N.V. Announces Unaudited Consolidated Financial Results for the Fourth Quarter and the Full Year Ended December 31, 2014; Provides Earnings Guidance for 2015
Feb 18 15
Yandex N.V. announced unaudited consolidated financial results for the fourth quarter and the full year ended December 31, 2014. For the quarter, revenues were RUB 14,667,000 against RUB 12,086,000 for the same period of last year. Net income before income taxes was RUB 9,910,000 against RUB 4,429,000 for the same period of last year. Net income was RUB 7,572,000 or RUB 23.44 per diluted share against RUB 3,346,000 or RUB 10.08 per diluted share for the same period of last year. Income from operations was RUB 4.5 billion ($79.6 million), a 14% increase from the four quarter of 2013, while adjusted EBITDA reached RUB 6.1 billion ($108.0 million), up 18% from the four quarter of 2013. Interest income, net was RUB 257 million, down from RUB 414 million in the four quarter of 2013, mainly due to interest expenses related to the convertible notes issued in December 2013 and January 2014. Adjusted net income was RUB 4.0 billion ($70.5 million), a 13% increase from the four quarter of 2013. Adjusted net income margin was 27.0% in Fourth Quarter 2014, compared with 29.1% in the four quarter of 2013. Net income was up 126% compared with the four quarter of 2013, mainly due to the foreign exchange gain that it recognized in the four quarter of 2014. Net cash provided by operating activities was RUB 3,725,000 against RUB 4,788,000 for the same period of last year. Purchase of property and equipment was RUB 2,998,000 against RUB 1,665,000 for the same period of last year.
For the year, revenues were RUB 50,767,000 against RUB 39,502,000 for the same period of last year. Income from operations was RUB 15,323,000 against RUB 12,837,000 for the same period of last year. Net income before income taxes was RUB 22,475,000 against RUB 16,713,000 for the same period of last year. Net income was RUB 17,020,000 or RUB 52.27 per diluted share against RUB 13,474,000 or RUB 40.27 per diluted share for the same period of last year. Net cash provided by operating activities was RUB 15,546,000 against RUB 14,705,000 for the same period of last year. Purchase of property and equipment was RUB 9,679,000 against RUB 4,936,000 for the same period of last year.
Currently the company expects revenue to grow approximately 15% in the first quarter of 2015.
Yandex N.V. Introduces New Parking App in Moscow
Feb 10 15
Yandex N.V. has introduced a new app that reportedly helps drivers in Moscow find a parking space and pay for the service without leaving the car. With the Yandex.Parking app, there is no need to drive the streets to find a parking spot or even leave car to pay for it. The app shows more than 6,000 municipal parking areas on a map, with information about the availability of vacant spaces updated every 10-15 minutes. It also shows parking fee rates and provides a choice of easy payment methods from within the app. The app also offers an opportunity to plot the best route to a chosen parking space, if the user's phone is equipped with the Yandex.Navigator app. Yandex.Parking is available for devices operating iOS and Android, and can be downloaded from Yandex. The app warns a driver in advance when their paid parking time is about to finish, so they can pay more to extend it, or return and collect their car on time. It also helps the forgetful find their car by reminding them where they parked. And if a driver vacates
a parking space before their time is up, the balance is returned to their parking account. Users can pay for parking with their Yandex.Money account, or by bankcard, from a mobile phone or a city parking account. Payments from city parking accounts are commission-free, while the commission on other payment methods varies. Payments on the app are supported by Yandex.Money, which offers merchants solutions for accepting payments