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 Released Financial Highlights
Four Russian Companies Are Not Included In the Forbes Ranking
The Implementation Of the Hyperloop Speed Trains Project In Russia Will Cost $ 1.5 Billion
A Tender On Purchase Of Russia's Largest Gold Deposit Is Closed
Third Party Liability Insurance In the Spotlight

comments powered by Disqus

Comment on our site

RSS   twitter   facebook   submit

Bookmark and Share

Russian Parliament in Action

search on the map
Russian Winter  Archeology  Ukraine crisis  Russian mobile networks  Valentin Yudashkin  Painting  Coins  anniversary  iPhone 5   FC Rubin  Exhibitions in Moscow  Sabine Weiss  Mercedes-Benz Fashion Week Russia  Tavrichesky garden  Exhibitions in St. Petersburg  Zyuratkul Lake  Mikhail Pletnev  Russian tourism  Boris Nemtsov  Russian Cinema  Cancer  Moscow  Kezenoi Am   Russian automobiles  Smolensk Monuments  Woodwork  credit cards  Alexander Gorodnitsky  Russian Literature  Jewelry Vernissage  Exhibitions in Saint Petersburg  Novgorod Region  Roshen  Dima Yakovlev Law  Omsk Fortress  Baikal  Russian business  Ivan the Terrible  Fabian Gottlieb von Bellingshausen  Caucasian Mineral Waters  Russia in space  Russian opera singers  Russian history  Russian television  Heroism   migrant workers  New Films  state emblem  international cooperation  Russian courts 

Travel Blogs
Top Traveling Sites