\n| \n \n\u00a0<\/p>\n<\/td>\n | \n Three months ended (unaudited)<\/b><\/p>\n<\/td>\n<\/tr>\n\n| \n \n\u00a0<\/p>\n<\/td>\n | \n March 31,
\n
2022<\/b><\/p>\n<\/td>\n | \n March 31,
\n
2023<\/b><\/p>\n<\/td>\n | \n March 31,
\n
2023<\/b><\/p>\n<\/td>\n | \n Y-o-Y
\n
growth<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n | \n| \n \n\u00a0<\/p>\n<\/td>\n | \n RUB<\/b><\/p>\n<\/td>\n | \n RUB<\/b><\/p>\n<\/td>\n | \n USD (1)<\/sup><\/b><\/p>\n<\/td>\n | \n\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n | \n| \n Total Revenue<\/b><\/p>\n<\/td>\n | \n 1,726<\/b><\/p>\n<\/td>\n | \n 2,402<\/b><\/p>\n<\/td>\n | \n 31.2<\/b><\/p>\n<\/td>\n | \n 39%<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nCore Business<\/p>\n<\/td>\n | \n \n1,622<\/p>\n<\/td>\n | \n \n2,298<\/p>\n<\/td>\n | \n \n29.8<\/p>\n<\/td>\n | \n \n42%<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nMortgage Marketplace<\/p>\n<\/td>\n | \n \n69<\/p>\n<\/td>\n | \n \n86<\/p>\n<\/td>\n | \n \n1.1<\/p>\n<\/td>\n | \n \n25%<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nOther Segments Revenue<\/p>\n<\/td>\n | \n \n35<\/p>\n<\/td>\n | \n \n18<\/p>\n<\/td>\n | \n \n0.2<\/p>\n<\/td>\n | \n \n(49%)<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n<\/table>\n ____________________<\/sup><\/p>\n1 <\/sup>U.S. Dollar translations throughout this release are included solely for the convenience of the reader and were calculated at the exchange rate quoted by the Central Bank of Russia as of March 31, 2023 (RUB 77.0863 to USD 1.00)<\/p>\nCore Business segment revenue
\n
<\/i><\/b>Core Business revenue reached RUB 2,298 million for the three months ended March 31, 2023, an increase of 42% from RUB 1,622 million for the three months ended March 31, 2022. Core Business revenue growth was driven by strong performance across all key revenue streams \u2013 listing revenue, lead generation, and display advertising revenue.<\/p>\n Mortgage Marketplace segment revenue
\n
<\/i><\/b>Mortgage Marketplace revenue amounted to RUB 86 million for the three months ended March 31, 2023 compared to RUB 69 million for the same period of the prior year, corresponding to an increase of RUB 17 million or 25%.<\/p>\n Operating expenses
\n
<\/b>Total operating expenses increased by 19% to RUB 2,270 million in the three months ended March 31, 2023 compared with RUB 1,913 million in the three months ended March 31, 2022, primarily driven by higher marketing and employee-related expenses.<\/p>\n \nThe following table sets forth a breakdown of our operating expenses for the periods indicated (in millions of RUB and USD):<\/p>\n \n\n| \n \n\u00a0<\/p>\n<\/td>\n | \n Three months ended (unaudited)<\/b><\/p>\n<\/td>\n<\/tr>\n\n| \n \n\u00a0<\/p>\n<\/td>\n | \n March 31,
\n
2022<\/b><\/p>\n<\/td>\n | \n March 31,
\n
2023<\/b><\/p>\n<\/td>\n | \n March 31,
\n
2023<\/b><\/p>\n<\/td>\n | \n Y-o-Y
\n
growth<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n | \n| \n \n\u00a0<\/p>\n<\/td>\n | \n RUB<\/b><\/p>\n<\/td>\n | \n RUB<\/b><\/p>\n<\/td>\n | \n USD (1)<\/sup><\/b><\/p>\n<\/td>\n | \n\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n | \n| \n Operating expenses<\/b><\/p>\n<\/td>\n | \n 1,913<\/b><\/p>\n<\/td>\n | \n 2,270<\/b><\/p>\n<\/td>\n | \n 29.4<\/b><\/p>\n<\/td>\n | \n 19%<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nMarketing expenses<\/p>\n<\/td>\n | \n \n691<\/p>\n<\/td>\n | \n \n844<\/p>\n<\/td>\n | \n \n10.9<\/p>\n<\/td>\n | \n \n22%<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nEmployee-related expenses<\/p>\n<\/td>\n | \n \n884<\/p>\n<\/td>\n | \n \n1,058<\/p>\n<\/td>\n | \n \n13.7<\/p>\n<\/td>\n | \n \n20%<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nIT expenses<\/p>\n<\/td>\n | \n \n136<\/p>\n<\/td>\n | \n \n165<\/p>\n<\/td>\n | \n \n2.1<\/p>\n<\/td>\n | \n \n21%<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nDepreciation and amortization<\/p>\n<\/td>\n | \n \n68<\/p>\n<\/td>\n | \n \n60<\/p>\n<\/td>\n | \n \n0.8<\/p>\n<\/td>\n | \n \n(12%)<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nOther operating expenses<\/p>\n<\/td>\n | \n \n134<\/p>\n<\/td>\n | \n \n143<\/p>\n<\/td>\n | \n \n1.9<\/p>\n<\/td>\n | \n \n7%<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n<\/table>\n ____________________<\/sup><\/p>\n1 <\/sup>U.S. Dollar translations throughout this release are included solely for the convenience of the reader and were calculated at the exchange rate quoted by the Central Bank of Russia as of March 31, 2023 (RUB 77.0863 to USD 1.00)<\/p>\nProfit for the period
\n
<\/b>Profit for the three months ended March 31, 2023 was RUB 211 million compared to a profit of RUB 44 million for the three months ended March 31, 2022. The change for the period was driven primarily by the same factors as affecting our Adjusted EBITDA described below as well as a foreign currency exchange gain of RUB 121 million related to our USD-denominated cash balances and tax expense of RUB 95 million in contrast to RUB 29 million tax benefit in the first quarter 2022.<\/p>\n Adjusted EBITDA and Adjusted EBITDA Margin
\n
<\/b>Adjusted EBITDA for the three months ended March 31, 2023 reached RUB 353 million compared to RUB 56 million for the three months ended March 31, 2022. The increase in Adjusted EBITDA was primarily driven by the revenue growth outpacing the growth of operating expenses.<\/p>\n \nAdjusted EBITDA Margin increased by 11.5 pp to 14.7% for the three months ended March 31, 2023.<\/p>\n First Quarter 2023 Financial Results Conference Call
\n
<\/b>Considering the existing uncertainty and market volatility, the Company will not be conducting its first quarter 2023 conference call. Investors, analysts, and media are welcome to send their inquiries to the Company using the contact details provided in this release.<\/p>\n About Cian
\n
<\/b>Cian is a leading online real estate classifieds platform in the large, underpenetrated and growing Russian real estate classifieds market, with a strong presence across Russia and leading positions in the country\u2019s key metropolitan areas. The Company ranks among the top eleven most popular online real estate classifieds globally in terms of traffic (based on SimilarWeb traffic data for March 2023). Cian\u2019s networked real estate platform connects millions of real estate buyers and renters to millions of high-quality real estate listings of all types \u2014 residential and commercial, primary and secondary, urban and suburban. In the first quarter of 2023, the Company had over 1.9 million listings available through its platform and monthly audience with an average UMV of 19 million. Through its technology-driven platform and deep insights into the Russian real estate market the Company provides an end-to-end experience for its customers and users and helps them address multiple pain points on their journey to a new home or place to work.
\n
Source: Cian PLC<\/p>\n Forward-Looking Statements
\n
<\/b>This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Any express or implied statements contained in this press release that are not statements of historical fact may be deemed to be forward-looking statements, including, without limitation, statements regarding our financial outlook for 2021 and long-term growth strategy, as well as statements that include the words \u201ctarget,\u201d \u201cbelieve,\u201d \u201cexpect,\u201d \u201caim,\u201d \u201cintend, intend,\u201d may,\u201d \u201canticipate,\u201d \u201cestimate,\u201d \u201cplan,\u201d \u201cproject,\u201d \u201cwill,\u201d \u201ccan have,\u201d \u201clikely,\u201d \u201cshould,\u201d \u201cwould,\u201d \u201ccould\u201d and other words and terms of similar meaning or the negative thereof. Forward-looking statements are neither promises nor guarantees, but involve known and unknown risks and uncertainties that could cause actual results to differ materially from those projected, including, without limitation: the negative impact on the Russian economy of the ongoing military actions between Russia and Ukraine, any negative effects of sanctions, export controls and similar measures targeting Russia as well as other responses to the military conflict in Ukraine; our ability to maintain our leading market positions, particularly in Moscow, St. Petersburg and certain other regions, and our ability to achieve and maintain leading market position in certain other regions; our ability to compete effectively with existing and new industry players in the Russian real estate classifieds market; our heavy dependence on our brands and reputation; any potential failure to adapt to any substantial shift in real estate transactions from, or demand for services in, certain Russian geographic markets; any downturns in the Russian real estate market and general economic conditions in Russia; any effect on our operations due to cancellation of, or any changes to, the Russian mortgage subsidy program or other government support programs; further widespread impacts of the COVID-19 pandemic, or other public health crises, natural disasters or other catastrophic events which may limit our ability to conduct business as normal; our ability to establish and maintain important relationships with our customers and certain other parties; any failure to establish and maintain proper and effective internal control over financial reporting; any failure to remediate existing deficiencies we have identified in our internal controls over financial reporting, including our information technology general controls; any new or existing government regulation in the area of data privacy, data protection or other areas and other important factors discussed under the caption \u201cRisk Factors\u201d in Cian\u2019s annual report on Form 20-F filed with the U.S. Securities and Exchange Commission (\u201cSEC\u201d) on April 27, 2023 and our other filings with the SEC as such factors may be updated from time to time.<\/p>\n \nAny forward-looking statements contained in this press release speak only as of the date hereof and accordingly undue reliance should not be placed on such statements. We disclaim any obligation or undertaking to update or revise any forward-looking statements contained in this press release, whether as a result of new information, future events or otherwise, other than to the extent required by applicable law.<\/p>\n Consolidated Statement of Profit or Loss and Other Comprehensive Income (in millions of RUB and USD, except share and per share amounts)<\/b><\/p>\n\n\n| \n \n\u00a0<\/p>\n<\/td>\n | \n Three months ended (unaudited)<\/b><\/p>\n<\/td>\n<\/tr>\n\n| \n March 31, 2022<\/b><\/p>\n<\/td>\n | | \n\n March 31, 2023<\/b><\/p>\n<\/td>\n | | \n\n March 31, 2023<\/b><\/p>\n<\/td>\n<\/tr>\n\n| \n \n\u00a0<\/p>\n<\/td>\n | \n RUB<\/b><\/p>\n<\/td>\n | | \n\n RUB<\/b><\/p>\n<\/td>\n | | \n\n USD(1)<\/sup><\/b><\/p>\n<\/td>\n<\/tr>\n\n| \n \n\u00a0<\/p>\n<\/td>\n | \n (unaudited)<\/b><\/p>\n<\/td>\n | | \n\n (unaudited)<\/b><\/p>\n<\/td>\n | | \n\n (unaudited)<\/b><\/p>\n<\/td>\n<\/tr>\n\n| \n Revenue<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n 1,726<\/b><\/p>\n<\/td>\n | | \n\n 2,402<\/b><\/p>\n<\/td>\n | | \n\n 31.2<\/b><\/p>\n<\/td>\n<\/tr>\n\n| \n \n\u00a0<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n | \n | \n | \n | <\/tr>\n \n| \n \nOperating expenses:<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n | \n | \n | \n | <\/tr>\n \n| \n \nMarketing expenses<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n(691)<\/p>\n<\/td>\n | | \n\n \n(844)<\/p>\n<\/td>\n | | \n\n \n(10.9)<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nEmployee-related expenses<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n(884)<\/p>\n<\/td>\n | | \n\n \n(1,058)<\/p>\n<\/td>\n | | \n\n \n(13.7)<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nIT expenses<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n(136)<\/p>\n<\/td>\n | | \n\n \n(165)<\/p>\n<\/td>\n | | \n\n \n(2.1)<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nDepreciation and amortization<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n(68)<\/p>\n<\/td>\n | | \n\n \n(60)<\/p>\n<\/td>\n | | \n\n \n(0.8)<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nOther operating expenses<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n(134)<\/p>\n<\/td>\n | | \n\n \n(143)<\/p>\n<\/td>\n | | \n\n \n(1.9)<\/p>\n<\/td>\n<\/tr>\n | \n| \n Total operating expenses<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n (1,913)<\/b><\/p>\n<\/td>\n | | \n\n (2,270)<\/b><\/p>\n<\/td>\n | | \n\n (29.4)<\/b><\/p>\n<\/td>\n<\/tr>\n\n| \n \n\u00a0<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n | \n | \n | \n | <\/tr>\n \n| \n Operating profit \/ (loss)<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n (187)<\/b><\/p>\n<\/td>\n | | \n\n 132<\/b><\/p>\n<\/td>\n | | \n\n 1.7<\/b><\/p>\n<\/td>\n<\/tr>\n\n| \n \nFinance costs<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n(4)<\/p>\n<\/td>\n | | \n\n \n(6)<\/p>\n<\/td>\n | | \n\n \n(0.1)<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nFinance income<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n12<\/p>\n<\/td>\n | | \n\n \n47<\/p>\n<\/td>\n | | \n\n \n0.6<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nForeign currency exchange gain, net<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n185<\/p>\n<\/td>\n | | \n\n \n121<\/p>\n<\/td>\n | | \n\n \n1.6<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nOther income<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n9<\/p>\n<\/td>\n | | \n\n \n12<\/p>\n<\/td>\n | | \n\n \n0.2<\/p>\n<\/td>\n<\/tr>\n | \n| \n Profit before income tax<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n 15<\/b><\/p>\n<\/td>\n | | \n\n 306<\/b><\/p>\n<\/td>\n | | \n\n 4.0<\/b><\/p>\n<\/td>\n<\/tr>\n\n| \n \nIncome tax (expense) \/ benefit<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n29<\/p>\n<\/td>\n | | \n\n \n(95)<\/p>\n<\/td>\n | | \n\n \n(1.2)<\/p>\n<\/td>\n<\/tr>\n | \n| \n Profit for the year<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n 44<\/b><\/p>\n<\/td>\n | | \n\n 211<\/b><\/p>\n<\/td>\n | | \n\n 2.7<\/b><\/p>\n<\/td>\n<\/tr>\n\n| \n Total comprehensive income for the year<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n 44<\/b><\/p>\n<\/td>\n | | \n\n 211<\/b><\/p>\n<\/td>\n | | \n\n 2.7<\/b><\/p>\n<\/td>\n<\/tr>\n\n| \n \n\u00a0<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n | \n | \n | \n | <\/tr>\n \n| \n Profit \/ (loss) per share, in RUB<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n | \n | \n | \n | <\/tr>\n \n| \n \nBasic profit \/ (loss) per share attributable to ordinary equity holders of the parent<\/p>\n<\/td>\n | | \n\n \n0.63<\/p>\n<\/td>\n | | \n\n \n3.02<\/p>\n<\/td>\n | | \n\n \n0.039<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nDiluted profit \/ (loss) per share attributable to ordinary equity holders of the parent<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n0.62<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n2.90<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n0.038<\/p>\n<\/td>\n<\/tr>\n<\/table>\n 1<\/sup> U.S. Dollar translations throughout this release are included solely for the convenience of the reader and were calculated at the exchange rate quoted by the Central Bank of Russia as of March 31, 2023 (RUB 77.0863 to USD 1.00)<\/p>\nConsolidated Statement of Financial Position (in millions of RUB and USD)<\/b><\/p>\n\n\n| \n \n\u00a0<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n As of<\/b><\/p>\n<\/td>\n<\/tr>\n\n| \n \n\u00a0<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n December 31, 2022<\/b><\/p>\n<\/td>\n | | \n\n March 31, 2023<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n March 31, 2023<\/b><\/p>\n<\/td>\n<\/tr>\n\n| \n RUB<\/b><\/p>\n<\/td>\n | | \n\n RUB<\/b><\/p>\n<\/td>\n | | \n\n USD(1)<\/sup><\/b><\/p>\n<\/td>\n<\/tr>\n\n| \n \n\u00a0<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n (unaudited)<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n (unaudited)<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n (unaudited)<\/b><\/p>\n<\/td>\n<\/tr>\n\n| \n Assets<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n | \n| \n Non-current assets<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n | \n | \n | \n | <\/tr>\n \n| \n \nProperty and equipment<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n68<\/p>\n<\/td>\n | | \n\n \n68<\/p>\n<\/td>\n | | \n\n \n0.9<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nRight-of-use assets<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n74<\/p>\n<\/td>\n | | \n\n \n62<\/p>\n<\/td>\n | | \n\n \n0.8<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nGoodwill<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n785<\/p>\n<\/td>\n | | \n\n \n785<\/p>\n<\/td>\n | | \n\n \n10.2<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nIntangible assets<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n1,077<\/p>\n<\/td>\n | | \n\n \n1,054<\/p>\n<\/td>\n | | \n\n \n13.7<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nDeferred tax assets<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n137<\/p>\n<\/td>\n | | \n\n \n119<\/p>\n<\/td>\n | | \n\n \n1.5<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nOther non-current assets<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n8<\/p>\n<\/td>\n | | \n\n \n7<\/p>\n<\/td>\n | | \n\n \n0.1<\/p>\n<\/td>\n<\/tr>\n | \n| \n Total non-current assets<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n 2,149<\/b><\/p>\n<\/td>\n | | \n\n 2,095<\/b><\/p>\n<\/td>\n | | \n\n 27.2<\/b><\/p>\n<\/td>\n<\/tr>\n\n| \n \n\u00a0<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n | \n | \n | \n | <\/tr>\n \n| \n Current assets<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n | \n | \n | \n | <\/tr>\n \n| \n \nInventories<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n30<\/p>\n<\/td>\n | | \n\n \n29<\/p>\n<\/td>\n | | \n\n \n0.4<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nAdvances paid and prepaid expenses<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n99<\/p>\n<\/td>\n | | \n\n \n103<\/p>\n<\/td>\n | | \n\n \n1.3<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nTrade and other receivables<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n414<\/p>\n<\/td>\n | | \n\n \n492<\/p>\n<\/td>\n | | \n\n \n6.4<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nPrepaid income tax<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n3<\/p>\n<\/td>\n | | \n\n \n7<\/p>\n<\/td>\n | | \n\n \n0.1<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nCash and cash equivalents<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n4,110<\/p>\n<\/td>\n | | \n\n \n4,693<\/p>\n<\/td>\n | | \n\n \n60.9<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nOther current assets<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n169<\/p>\n<\/td>\n | | \n\n \n172<\/p>\n<\/td>\n | | \n\n \n2.2<\/p>\n<\/td>\n<\/tr>\n | \n| \n Total current assets<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n 4,825<\/b><\/p>\n<\/td>\n | | \n\n 5,496<\/b><\/p>\n<\/td>\n | | \n\n 71.3<\/b><\/p>\n<\/td>\n<\/tr>\n\n| \n Total assets<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n 6,974<\/b><\/p>\n<\/td>\n | | \n\n 7,591<\/b><\/p>\n<\/td>\n | | \n\n 98.5<\/b><\/p>\n<\/td>\n<\/tr>\n\n| \n \n\u00a0<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n | \n | \n | \n | <\/tr>\n \n| \n Equity and liabilities<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n | \n | \n | \n | <\/tr>\n \n| \n Equity<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n | \n | \n | \n | <\/tr>\n \n| \n \nShare capital<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n2<\/p>\n<\/td>\n | | \n\n \n2<\/p>\n<\/td>\n | | \n\n \n0.0<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nShare premium<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n7,702<\/p>\n<\/td>\n | | \n\n \n7,702<\/p>\n<\/td>\n | | \n\n \n99.9<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nEquity-settled employee benefits reserves<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n648<\/p>\n<\/td>\n | | \n\n \n809<\/p>\n<\/td>\n | | \n\n \n10.5<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nAccumulated loss<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n(3,343)<\/p>\n<\/td>\n | | \n\n \n(3,132)<\/p>\n<\/td>\n | | \n\n \n(40.6)<\/p>\n<\/td>\n<\/tr>\n | \n| \n Total equity<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n 5,009<\/b><\/p>\n<\/td>\n | | \n\n 5,381<\/b><\/p>\n<\/td>\n | | \n\n 69.8<\/b><\/p>\n<\/td>\n<\/tr>\n\n| \n \n\u00a0<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n | \n | \n | \n | <\/tr>\n \n| \n Liabilities<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n | \n | \n | \n | <\/tr>\n \n| \n Non-current liabilities<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n | \n | \n | \n | <\/tr>\n \n| \n \nLease liabilities<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n28<\/p>\n<\/td>\n | | \n\n \n17<\/p>\n<\/td>\n | | \n\n \n0.2<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nDeferred tax liabilities<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n127<\/p>\n<\/td>\n | | \n\n \n124<\/p>\n<\/td>\n | | \n\n \n1.6<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nDeferred income<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n108<\/p>\n<\/td>\n | | \n\n \n101<\/p>\n<\/td>\n | | \n\n \n1.3<\/p>\n<\/td>\n<\/tr>\n | \n| \n Total non-current liabilities<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n 263<\/b><\/p>\n<\/td>\n | | \n\n 242<\/b><\/p>\n<\/td>\n | | \n\n 3.1<\/b><\/p>\n<\/td>\n<\/tr>\n\n| \n \n\u00a0<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n | \n | \n | \n | <\/tr>\n \n| \n Current liabilities<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n | \n | \n | \n | <\/tr>\n \n| \n \nContract liabilities<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n554<\/p>\n<\/td>\n | | \n\n \n574<\/p>\n<\/td>\n | | \n\n \n7.4<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nTrade and other payables<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n642<\/p>\n<\/td>\n | | \n\n \n921<\/p>\n<\/td>\n | | \n\n \n11.9<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nIncome tax payable<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n66<\/p>\n<\/td>\n | | \n\n \n20<\/p>\n<\/td>\n | | \n\n \n0.3<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nOther taxes payable<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n366<\/p>\n<\/td>\n | | \n\n \n380<\/p>\n<\/td>\n | | \n\n \n4.9<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nLease liabilities<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n41<\/p>\n<\/td>\n | | \n\n \n40<\/p>\n<\/td>\n | | \n\n \n0.5<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nDeferred income<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n33<\/p>\n<\/td>\n | | \n\n \n33<\/p>\n<\/td>\n | | \n\n \n0.4<\/p>\n<\/td>\n<\/tr>\n | \n| \n Total current liabilities<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n 1,702<\/b><\/p>\n<\/td>\n | | \n\n 1,968<\/b><\/p>\n<\/td>\n | | \n\n 25.5<\/b><\/p>\n<\/td>\n<\/tr>\n\n| \n Total liabilities<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n 1,965<\/b><\/p>\n<\/td>\n | | \n\n 2,210<\/b><\/p>\n<\/td>\n | | \n\n 28.7<\/b><\/p>\n<\/td>\n<\/tr>\n\n| \n Total equity and liabilities<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n 6,974<\/b><\/p>\n<\/td>\n | | \n\n 7,591<\/b><\/p>\n<\/td>\n | | \n\n 98.5<\/b><\/p>\n<\/td>\n<\/tr>\n<\/table>\n 1<\/sup> U.S. Dollar translations throughout this release are included solely for the convenience of the reader and were calculated at the exchange rate quoted by the Central Bank of Russia as of March 31, 2023 (RUB 77.0863 to USD 1.00)<\/p>\nConsolidated Statement of Cash Flows (in millions of RUB and USD)<\/b><\/p>\n\n\n| \n \n\u00a0<\/p>\n<\/td>\n | \n Three months ended (unaudited)<\/b><\/p>\n<\/td>\n<\/tr>\n\n| \n \n\u00a0<\/p>\n<\/td>\n | \n March 31, 2022<\/b><\/p>\n<\/td>\n | | \n\n March 31, 2023<\/b><\/p>\n<\/td>\n | | \n\n March 31, 2023<\/b><\/p>\n<\/td>\n<\/tr>\n\n| \n \n\u00a0<\/p>\n<\/td>\n | \n RUB<\/b><\/p>\n<\/td>\n | | \n\n RUB<\/b><\/p>\n<\/td>\n | | \n\n USD(1)<\/sup><\/b><\/p>\n<\/td>\n<\/tr>\n\n| \n \n\u00a0<\/p>\n<\/td>\n | \n (unaudited)<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n (unaudited)<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n (unaudited)<\/b><\/p>\n<\/td>\n<\/tr>\n\n| \n Cash flows from operating activities<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | <\/tr>\n \n| \n \nProfit before income tax<\/p>\n<\/td>\n | \n \n15<\/p>\n<\/td>\n | | \n\n \n306<\/p>\n<\/td>\n | | \n\n \n4.0<\/p>\n<\/td>\n<\/tr>\n | \n| \n Adjusted for:<\/b><\/p>\n<\/td>\n | | \n | \n | \n | \n | <\/tr>\n \n| \n \nDepreciation and amortization<\/p>\n<\/td>\n | \n \n68<\/p>\n<\/td>\n | | \n\n \n60<\/p>\n<\/td>\n | | \n\n \n0.8<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nEmployee share-based payment expense<\/p>\n<\/td>\n | \n \n175<\/p>\n<\/td>\n | | \n\n \n161<\/p>\n<\/td>\n | | \n\n \n2.1<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nFinance income<\/p>\n<\/td>\n | \n \n(12)<\/p>\n<\/td>\n | | \n\n \n(47)<\/p>\n<\/td>\n | | \n\n \n(0.6)<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nFinance costs<\/p>\n<\/td>\n | \n \n4<\/p>\n<\/td>\n | | \n\n \n6<\/p>\n<\/td>\n | | \n\n \n0.1<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nForeign currency exchange gain, net<\/p>\n<\/td>\n | \n \n(185)<\/p>\n<\/td>\n | | \n\n \n(121)<\/p>\n<\/td>\n | | \n\n \n(1.6)<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nReversal of expected credit losses<\/p>\n<\/td>\n | \n \n(7)<\/p>\n<\/td>\n | | \n\n \n\u2014<\/p>\n<\/td>\n | | \n\n \n\u2014<\/p>\n<\/td>\n<\/tr>\n | \n| \n Working capital changes:<\/b><\/p>\n<\/td>\n | | \n | \n | \n | \n | <\/tr>\n \n| \n \nDecrease \/ (increase) in trade and other receivables<\/p>\n<\/td>\n | \n \n57<\/p>\n<\/td>\n | | \n\n \n(78)<\/p>\n<\/td>\n | | \n\n \n(1.0)<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nIncrease in advances paid and prepaid expenses<\/p>\n<\/td>\n | \n \n(54)<\/p>\n<\/td>\n | | \n\n \n(3)<\/p>\n<\/td>\n | | \n\n \n(0.0)<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nDecrease \/ (increase) in other assets<\/p>\n<\/td>\n | \n \n100<\/p>\n<\/td>\n | | \n\n \n(2)<\/p>\n<\/td>\n | | \n\n \n(0.0)<\/p>\n<\/td>\n<\/tr>\n | \n| \n \n(Decrease) \/ increase in trade and other payables<\/p>\n<\/td>\n | \n \n(124)<\/p>\n<\/td>\n | | \n\n \n279<\/p>\n<\/td>\n | | \n\n \n3.6<\/p>\n<\/td>\n<\/tr>\n | \n| \n \n(Decrease) \/ increase in contract liabilities and deferred income<\/p>\n<\/td>\n | \n \n(47)<\/p>\n<\/td>\n | | \n\n \n8<\/p>\n<\/td>\n | | \n\n \n0.1<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nIncrease in other liabilities<\/p>\n<\/td>\n | \n \n16<\/p>\n<\/td>\n | | \n\n \n15<\/p>\n<\/td>\n | | \n\n \n0.2<\/p>\n<\/td>\n<\/tr>\n | \n| \n Cash generated from operating activities<\/b><\/p>\n<\/td>\n | \n 6<\/b><\/p>\n<\/td>\n | | \n\n 584<\/b><\/p>\n<\/td>\n | | \n\n 7.6<\/b><\/p>\n<\/td>\n<\/tr>\n\n| \n \nIncome tax paid<\/p>\n<\/td>\n | \n \n(61)<\/p>\n<\/td>\n | | \n\n \n(131)<\/p>\n<\/td>\n | | \n\n \n(1.7)<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nInterest received<\/p>\n<\/td>\n | \n \n12<\/p>\n<\/td>\n | | \n\n \n47<\/p>\n<\/td>\n | | \n\n \n0.6<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nInterest paid<\/p>\n<\/td>\n | \n \n(2)<\/p>\n<\/td>\n | | \n\n \n(1)<\/p>\n<\/td>\n | | \n\n \n(0.0)<\/p>\n<\/td>\n<\/tr>\n | \n| \n Net cash generated from \/ (used in) operating activities<\/b><\/p>\n<\/td>\n | \n (45)<\/b><\/p>\n<\/td>\n | | \n\n 499<\/b><\/p>\n<\/td>\n | | \n\n 6.5<\/b><\/p>\n<\/td>\n<\/tr>\n\n| \n \n\u00a0<\/p>\n<\/td>\n | | \n | \n | \n | \n | <\/tr>\n \n| \n Cash flows from investing activities<\/b><\/p>\n<\/td>\n | | \n | \n | \n | \n | <\/tr>\n \n| \n \nPurchase of property and equipment<\/p>\n<\/td>\n | \n \n(15)<\/p>\n<\/td>\n | | \n\n \n(7)<\/p>\n<\/td>\n | | \n\n \n(0.1)<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nPurchase of intangible assets<\/p>\n<\/td>\n | \n \n(19)<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n(26)<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n(0.3)<\/p>\n<\/td>\n<\/tr>\n | \n| \n Net cash used in investing activities<\/b><\/p>\n<\/td>\n | \n (34)<\/b><\/p>\n<\/td>\n | | \n\n (33)<\/b><\/p>\n<\/td>\n | | \n\n (0.4)<\/b><\/p>\n<\/td>\n<\/tr>\n\n| \n \n\u00a0<\/p>\n<\/td>\n | | \n | \n | \n | \n | <\/tr>\n \n| \n Cash flows from financing activities<\/b><\/p>\n<\/td>\n | | \n | \n | \n | \n | <\/tr>\n \n| \n \nPayment of principal portion of lease liabilities<\/p>\n<\/td>\n | \n \n(11)<\/p>\n<\/td>\n | | \n\n \n(11)<\/p>\n<\/td>\n | | \n\n \n(0.1)<\/p>\n<\/td>\n<\/tr>\n | \n| \n Net cash used in financing activities<\/b><\/p>\n<\/td>\n | \n (11)<\/b><\/p>\n<\/td>\n | | \n\n (11)<\/b><\/p>\n<\/td>\n | | \n\n (0.1)<\/b><\/p>\n<\/td>\n<\/tr>\n\n| \n \n\u00a0<\/p>\n<\/td>\n | | \n | \n | \n | \n | <\/tr>\n \n| \n Net increase \/ (decrease) in cash and cash equivalents<\/b><\/p>\n<\/td>\n | \n (90)<\/b><\/p>\n<\/td>\n | | \n\n 455<\/b><\/p>\n<\/td>\n | | \n\n 5.9<\/b><\/p>\n<\/td>\n<\/tr>\n\n| \n Cash and cash equivalents at the beginning of the period<\/b><\/p>\n<\/td>\n | \n 2,419<\/b><\/p>\n<\/td>\n | | \n\n 4,110<\/b><\/p>\n<\/td>\n | | \n\n 53.3<\/b><\/p>\n<\/td>\n<\/tr>\n\n| \n \nEffect of exchange rate changes on cash and cash equivalents<\/p>\n<\/td>\n | \n \n242<\/p>\n<\/td>\n | | \n\n \n128<\/p>\n<\/td>\n | | \n\n \n1.7<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nReversal of allowance for expected credit losses<\/p>\n<\/td>\n | \n \n7<\/p>\n<\/td>\n | | \n\n \n\u2014<\/p>\n<\/td>\n | | \n\n \n\u2014<\/p>\n<\/td>\n<\/tr>\n | \n| \n Cash and cash equivalents at the end of the period<\/b><\/p>\n<\/td>\n | \n 2,578<\/b><\/p>\n<\/td>\n | | \n\n 4,693<\/b><\/p>\n<\/td>\n | | \n\n 60.9<\/b><\/p>\n<\/td>\n<\/tr>\n<\/table>\n 1<\/sup> U.S. Dollar translations throughout this release are included solely for the convenience of the reader and were calculated at the exchange rate quoted by the Central Bank of Russia as of March 31, 2023 (RUB 77.0863 to USD 1.00)<\/p>\nNon-IFRS Financial Measures and Supplemental Financial Information
\n
<\/b>Use of Non-IFRS Financial Measures<\/b><\/p>\n \nWe use Adjusted EBITDA, Core Business Adjusted EBITDA for Moscow and the Moscow region, Core Business Adjusted EBITDA for Other regions and Adjusted EBITDA Margin as non-IFRS financial measure in assessing our operating performance and in our financial communications.<\/p>\n \nAdjusted EBITDA and Adjusted EBITDA Margin are financial measures that are not calculated in accordance with IFRS. These non-IFRS financial measures should not be considered in isolation or as an alternative or a substitute to loss for the period, which is the most directly comparable IFRS measure, or any other measure of financial performance calculated and presented in accordance with IFRS. Adjusted EBITDA and Adjusted EBITDA Margin have limitations as analytical tools. Some of these limitations are:<\/p>\n \n- \nthey exclude depreciation and amortization expense and, although these are non-cash expenses, the assets being depreciated may have to be replaced in the future, increasing our cash requirements;<\/p>\n<\/li>\n<\/ul>\n
\n- \nthey do not reflect foreign currency exchange loss (gain), which reduces (increases) cash available to us;<\/p>\n<\/li>\n
- \nthey do not reflect income tax payments that reduce cash available to us;<\/p>\n<\/li>\n
- \nthey do not reflect share-based compensation expenses and, therefore, do not include all of our employee-related expenses; and<\/p>\n<\/li>\n
- \nother companies, including companies in our industry, may calculate those measures differently, which reduces their usefulness as comparative measures.<\/p>\n<\/li>\n<\/ul>\n
\nThe tables below provide detailed reconciliations of each non-IFRS financial measure we use from the most directly comparable IFRS financial measure.<\/p>\n Reconciliation of Adjusted EBITDA from Profit for the period, the most directly comparable IFRS financial measure (in millions of RUB and USD)<\/b><\/p>\n\n\n| \n \n\u00a0<\/p>\n<\/td>\n | \n Three months ended (unaudited)<\/b><\/p>\n<\/td>\n<\/tr>\n\n| \n \n\u00a0<\/p>\n<\/td>\n | \n March 31, 2022<\/b><\/p>\n<\/td>\n | | \n\n March 31, 2023<\/b><\/p>\n<\/td>\n | | \n\n March 31, 2023<\/b><\/p>\n<\/td>\n<\/tr>\n\n| \n \n\u00a0<\/p>\n<\/td>\n | \n RUB<\/b><\/p>\n<\/td>\n | | \n\n RUB<\/b><\/p>\n<\/td>\n | | \n\n USD(1)<\/sup><\/b><\/p>\n<\/td>\n<\/tr>\n\n| \n Profit for the period<\/b><\/p>\n<\/td>\n | \n 44<\/b><\/p>\n<\/td>\n | | \n\n 211<\/b><\/p>\n<\/td>\n | | \n\n 2.7<\/b><\/p>\n<\/td>\n<\/tr>\n\n| \n \nIncome tax expense \/ (benefit)<\/p>\n<\/td>\n | \n \n(29)<\/p>\n<\/td>\n | | \n\n \n95<\/p>\n<\/td>\n | | \n\n \n1.2<\/p>\n<\/td>\n<\/tr>\n | \n| \n Profit before income tax<\/b><\/p>\n<\/td>\n | \n 15<\/b><\/p>\n<\/td>\n | | \n\n 306<\/b><\/p>\n<\/td>\n | | \n\n 4.0<\/b><\/p>\n<\/td>\n<\/tr>\n\n| \n \nDepreciation and amortization<\/p>\n<\/td>\n | \n \n68<\/p>\n<\/td>\n | | \n\n \n60<\/p>\n<\/td>\n | | \n\n \n0.8<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nFinance income, net(2)<\/sup><\/p>\n<\/td>\n| \n \n(8)<\/p>\n<\/td>\n | | \n\n \n(41)<\/p>\n<\/td>\n | | \n\n \n(0.5)<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nForeign currency exchange gain, net<\/p>\n<\/td>\n | \n \n(185)<\/p>\n<\/td>\n | | \n\n \n(121)<\/p>\n<\/td>\n | | \n\n \n(1.6)<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nShare-based payments<\/p>\n<\/td>\n | \n \n175<\/p>\n<\/td>\n | | \n\n \n161<\/p>\n<\/td>\n | | \n\n \n2.1<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nIncome from the depositary<\/p>\n<\/td>\n | \n \n(9)<\/p>\n<\/td>\n | | \n\n \n(12)<\/p>\n<\/td>\n | | \n\n \n(0.2)<\/p>\n<\/td>\n<\/tr>\n | \n| \n Adjusted EBITDA(<\/sup><\/b>3)<\/b><\/sup><\/p>\n<\/td>\n| \n 56<\/b><\/p>\n<\/td>\n | | \n\n 353<\/b><\/p>\n<\/td>\n | | \n\n 4.6<\/b><\/p>\n<\/td>\n<\/tr>\n\n| \n Adjusted EBITDA Margin(<\/sup><\/i>4<\/i>)<\/i><\/sup><\/p>\n<\/td>\n| \n \n3.2%<\/p>\n<\/td>\n | | \n\n \n14.7%<\/p>\n<\/td>\n | | \n\n \n14.7%<\/p>\n<\/td>\n<\/tr>\n<\/table>\n 1<\/sup> U.S. Dollar translations throughout this release are included solely for the convenience of the reader and were calculated at the exchange rate quoted by the Central Bank of Russia as of March 31, 2023 (RUB 77.0863 to USD 1.00)<\/p>\n2 <\/sup>Comprises finance costs and finance income for the respective periods<\/p>\n3 <\/sup>Defined as profit \/ (loss) for the period adjusted to exclude income tax (benefit) \/ expense, finance costs, finance income, foreign currency exchange loss \/ (gain), net, depreciation and amortization, share-based payments under equity-based incentive program consisting of restricted share units, and income from the depository<\/p>\n4 <\/sup>Defined as Adjusted EBITDA divided by revenue for the respective periods<\/p>\n![\"\"](\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&sty=20230519005190r1&sid=flmnd&distro=nx&lang=en\") <\/p>\n
View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20230519005190\/en\/<\/a><\/span><\/p>\n | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |