Yandex: net income 2007-2019

Yandex’s historical maximum net income marked in 2018 at over 44 billion Russian rubles, fell by 75 percent over the following year amounting to 11.2 billion Russian rubles, twelve months ended December 31, 2019.

Understanding the fall

   Yandex’s remarkable performance in 2018 was largely due to the launch of new offline-to-online businesses – Yandex.Drive and Yandex.Eats, along with strengthened positions in search and the further development of cloud sharing technologies. Despite a significant reduction in net income from 2018 to 2019, the company has achieved a nearly 40 percent growth in revenues year-on-year with a solid income from all the business segments in 2019, respectively. Thus, the chief executive of Yandex, Arkady Volozh announced, “2019 was an excellent year for us.”

Yandex in a nutshell

   Since its foundation in 2000 in Moscow, Yandex has become one of the largest internet companies in Europe and the leading search engine provider in Russia. By offering innovative services and technologies every year, the company has been accounting for steadily growing revenues YoY since its establishment. A grocery and household goods express delivery service Yandex.lavka and the development of driverless technologies are some of the latest projects launched by the company. Yandex’s EBIT in 2019 was measured at nearly 23 billion Russian rubles.

Annual net income* of Yandex from 2007 to 2019

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Source

Release date

February 2020

Region

Russia

Survey time period

2007 to 2019

Supplementary notes

* Net income is calculated as the total sales value minus all the costs and expenses, as well as depreciation, interests and taxes. In other words, it is a measure of the profitability of businesses and can be either distributed among the shareholders or held by the company together with the retained earnings.

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