Russia: Yandex latest figures

Russia's largest internet company holds 61% of search market.

Yandex has released its latest results.  Highlights include:

  • Year on year revenues up 36%
  • Quarterly revenues total RUR 8billion
  • Share of Russian Search market 61.6% (up 2.2% year on year)
  • Advertising customer base up 26%
  • Advertising revenues equal to those of Russia's leading TV channel
  • Operating income up 57% year on year

Source and more information TheNextWeb