MOSCOW Feb 16 Russia's biggest search site
Yandex on Thursday reported a stronger-than-forecast 27
percent rise in 2016 revenue and predicted 16-19 percent growth
* "We expect our consolidated revenue to grow in the range
of 16 percent to 19 percent in the full-year 2017 compared with
2016," Yandex said in a statement.
* Sees growth potential in taxi, e-commerce and classifieds
businesses for 2017.
* In FY 2016 revenue rose 27 percent to 75.9 billion roubles
($1.33 billion), beating the company's forecast for 22-24
* Q4 2016 revenues increased 22 percent compared with Q4
2015 to 22.1 billion roubles, driven by a 20 percent jump in
online advertising revenues.
* Q4 net income fell 57 percent year-on-year to 1.2 billion
roubles due to a 1.2-billion-rouble foreign exchange loss and
higher selling, general and administrative costs.
* Q4 adjusted net income was down 11 percent year-on-year at
3.2 billion roubles.
* Q4 adjusted EBITDA at 6.7 billion roubles, up 2 percent
year-on-year, with adjusted EBITDA margin of 30.3 percent.
* Cash, cash equivalents, term deposits and short-term
investments in debt securities stood at 63.0 billion roubles as
of Dec. 31, 2016.
* Share of Russian search market, including mobile, averaged
55.4 pct in Q4 2016 compared to 55.9 pct in Q3 2016.
* Search queries in Russia grew 3 percent in Q4 year on
Further company coverage:
($1 = 57.2240 roubles)
(Reporting by Maria Kiselyova. Editing by Jane Merriman)