Russian internet group Yandex (MOEX: YDEX) withdrew its 2026 financial guidance on October 29 following Ukrainian drone strikes on its data centres earlier this month that disrupted a wide range of digital services, despite reporting a 12% y/y increase in third-quarter revenue to RUB411bn ($5.08bn).

The company said it faced additional external factors that made it difficult to assess its financial performance for the remainder of the year. It had previously forecast revenue growth of around 20% in 2026 and adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) of RUB350bn ($4.3bn).

“The company has faced additional external factors making it difficult to assess its financial results for the remainder of the year,” Yandex said in its third-quarter earnings report, according to The Moscow Times.

Ukrainian drones struck Yandex data centres between October 8 and 11, disrupting services including ride-hailing, car-sharing, food delivery, online maps, email, banking and streaming platforms. Government agencies and private companies relying on Yandex infrastructure were also affected.

Yandex said it had restored “key features” for users and businesses, although engineers were continuing work to bring all services back online. The financial impact of the attacks was not reflected in the third-quarter results.

The company's shares fell approximately 1.3% on the Moscow Exchange following the announcement. Yandex indicated that it could resume providing financial guidance with its next earnings report.

Adjusted EBITDA rose 12% y/y to RUB88bn in the third quarter, equivalent to a 21.4% margin, while adjusted net profit increased 2% to RUB46bn.

Revenue from search and artificial intelligence services rose 4% to RUB144.7bn ($1.8bn), while urban mobility and logistics revenue increased 11% to RUB222.7bn ($2.7bn). Personal subscriptions revenue jumped 37% to RUB75bn ($931mn).

For the first nine months of 2026, revenue increased 16% to RUB1.17 trillion ($14.5bn), adjusted EBITDA rose 30% to RUB250bn and adjusted net profit climbed 46% to RUB128bn.

Yandex has also spent RUB7.7bn ($0.10bn) buying back its own shares since July under a two-year RUB50bn repurchase programme approved by the board in May.

Subsidiary Yantek bought 638,312 shares worth RUB2.28bn ($0.03bn) between July 28 and October 28, equivalent to 0.16% of the company's share capital, according to a regulatory disclosure reported by Vedomosti.

Since the beginning of July, Yandex has repurchased 2.1mn shares, representing 0.53% of its share capital. The repurchased shares carry no voting rights or dividends and are earmarked for employees.

Yandex, originally established as a search engine and often described as Russia's equivalent of Google, has expanded into ride-hailing, e-commerce, cloud computing, artificial intelligence and financial technology.

In 2024, the company's Netherlands-registered former parent sold its Russian operations to a consortium of domestic investors for $5.4bn, separating the Russian business from its international operations following Russia's invasion of Ukraine.