Regional search giant increasingly involved in other activities
Russia’s main search provider Yandex has reported revenues up 26% for Q4 2017. For the full year, the revenues of RUB 94.1bn ($1.63bn),were up 24% compared with FY 2016
Its share of the Russian search market, including mobile, averaged 56.5% in Q4 2017, compared with 54.9% in Q3 2017, and reached 56.7% in December 2017, according to Yandex.Radar
Search share on Android in Russia was 45.0% in Q4 2017, compared with 41.2% in Q3 2017 and 37.0% in Q4 2016; Search queries in Russia grew 9% compared with Q4 2016.
“I am delighted with Yandex’s performance in 2017,” said Arkady Volozh, Chief Executive Officer of Yandex. “It was a transformational year for us in many ways, with great partnerships and continuous innovation supported by an improving macro environment. We made enhancements to Search, Zen and Taxi, and launched Alice, our intelligent voice assistant.”
“Delivering 26% year-over-year top line growth was quite an accomplishment,” said Greg Abovsky, Chief Operating Officer and Chief Financial Officer of Yandex. “Focused investment in leading edge technologies supported solid growth rates in our core business and revenue acceleration in Yandex.Taxi and Classifieds segments.”
