Yandex reports 16% increase in Q2 revenue, recommends H1 dividend at 110 rbls/share

MOSCOW, July 29 (Reuters) - Russia's largest internet-company, Yandex, posts a 16% increase in revenue to 386 billion roubles ($4.89 billion) for the second quarter of 2026.

Adjusted earnings before interest, tax, depreciation and amortisation (EBITDA), rose 35% to 89 billion roubles. Adjusted net profit jumped by 56% to 48 billion roubles.

The company's management recommends dividends of 110 roubles per share. The board of directors will discuss the management's proposal on July 31.

Yandex maintains its forecast for 2026, expecting revenue to rise by around 20%, with adjusted EBITDA at 350 billion roubles.

($1 = 79.0000 roubles)

(Reporting by Reuters; Writing by Gleb Stolyarov; Editing by Vladimir Soldatkin)