Yandex N.V. YNDX reported first-quarter 2020 adjusted earnings of 19 cents per share, missing the Zacks Consensus Estimate by 32.1%. In ruble terms, the company’s earnings came in at RUB 17.33 per share, which surged 63.6% from the year-ago quarter.

Revenues of $604.7 million (RUB 47 billion) lagged the Zacks Consensus Estimate of $747 million. The figure reflected year-over-year growth of 26.1% in ruble terms.

The company’s growing advertising revenues and solid momentum in the Russian search market drove the top line during the reported quarter. Additionally, it witnessed year-over-year growth of 23% in paid clicks during the reported quarter.

Well-performing Search, Classifieds, Media Services and Experiments segments of the company significantly contributed to the results.

Although coronavirus-induced social distancing did not bode well for the company’s ride-hailing services,