Yandex: annual revenue 2007-2022

In 2021, Yandex’s growth continued, and the Russian internet services company accounted for around 521.7 billion Russian rubles in revenues, which was approximately 46 percent greater than the figure of the previous year.

Yandex: a snapshot

Like Google, Yandex’s search engine is the primary contact point with the company, but the company’s services go well beyond search. Incorporated in the Netherlands and with offices around the world, Yandex offers services primarily to the Russian language market covering ecommerce, navigation, advertising, mobile development as well as ride-sharing service and car sharing services. The segment of e-commerce, mobility, and delivery is the company’s primary source of revenue. In 2022, the company had a net income of 47.6 billion Russian rubles, with the net income before income taxes amounting to 70.4 billion Russian rubles.

Global search market

Google is the undisputed leader of the global search market. Google held an 84.1 share of the global desktop market in December 2022. The share of desktop search traffic originating from Google is significantly lower in Yandex’s key market of Russia than it is in other parts of the world.