Add to favorite
Subscribe to our Newsletters Subscribe to our Newsletters Get Daily Updates RSS

Yandex net income amounted $74.2 million in Q3
30.10.2012 16:43
Yandex net income amounted $74.2 million in Q3

Yandex, the leading internet company in Russia, operating the country's most popular search engine and most visited website, today announced its unaudited financial results for the quarter ended September 30, 2012.

In the third quarter 2012 the company’s revenues has increased 41% to 7.3 billion Rubles (235.2 million) in comparison with the same period of 2011, informs the company in its official press-release. The net income has grown 34% to 2.3 billion Rubles ($74.2 million), compared with the third quarter 2011.

"Q3 marked yet another strong quarter with our core contextual search business driving 41% top-line growth," said Arkady Volozh, Chief Executive Officer of Yandex. "We launched our own browser, a milestone for the company. And I am pleased with the performance of our search product over the past few months as we maintained 60+% market share in Russia. Importantly, we recorded a noticeable improvement in the quality of our search and increased our share of searches across all major browsers and platforms."

Among Yandex 2012 operating highlights are:

-Share of Russian search market (including mobile) averaged 60.5% in Q3 2012 (according to LiveInternet)

-Search queries grew 31% from Q3 2011

-Number of advertisers — more than 202,000, up 28% from Q3 2011 and up 5% from Q2 2012

-Launched Yandex Browser

-Expanded Yandex.Market to include the lucrative apparel segment of the fast growing e-commerce market.

Author: Irina Fomina

Tags: Russian business IT Yandex Russian internet  

Next Previous

You might also find interesting:

Sberbank Opened Russias First Free Risk Management Academy
Sberbank - Russias Most Valuable Brand
242 New Maserati Cars Sold In Russia
Sberbank Got Effie Awards
The Harvest Of Wheat Reached a Record In Russia

comments powered by Disqus

Comment on our site

RSS   twitter   facebook   submit

Bookmark and Share

Flowers Delivery

search on the map
Exhibitions in St. Petersburg  Mercedes-Benz Fashion Week Russia  National Fine Arts Museum of Sakha  Russian business  education  Orthodoxy  Wooden Sculpture  Russian history  Contemporary Arts  Afisha-Rambler-SUP  human rights in Russia  Russian Cinema  Russian economy  Uninhabited Islands  health  Progress Party  Bashneft  amusement park   Far East  Boris Babochkin  budget hotels  Megafon  Novgorod  Russian sculptors  Video  Russian women  Show Business  Tragedy  Luga  Smolensk plane crush  Central Bank  Great Patriotic War  fashion designer  Exhibitions in Moscow  Moscow  Painting  Russian Animation  Sergey Shekhovtsov  Russian Literature  Archeology  Russian tourism  Nikolay Zelinsky  Olympus Fest  Vladimir Putin   Moscow fairs  Ryazan  toxic substances   Khabarovsk  Konstantin Stanislavski  Vostok station 

Travel Blogs
Top Traveling Sites