Yandex: annual revenue 2007-2021

In 2021, Yandex’s growth continued, and the Russian internet services company accounted for over 356 billion Russian rubles in revenues, which was approximately 38 percent greater than the figures over 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 a taxi/ride-sharing service and a car sharing service. Advertising is the company’s primary source of revenue. In 2020, the company had an annual net income of 24.15 billion Russian rubles, with earnings before income taxes amounting to 37.2 billion Russian rubles.

Global search market

Google is the undisputed leader of the global search market. Google held an 85.55 share of the global desktop market in December 2021. 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.