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Yandex Q2 2013 Revenue Up 35% From This Time Last Year
Russian search engine giant Yandex released its Q2 2013 financial results today, reporting revenues at RUR 9.2 billion or $281.2 million, a 35 percent increase compared to their Q2 2012 report.
According to the statement, Yandex CEO Arkady Volozh claimed, “Yandex delivered strong financial and operating results.” He went on to note the release of the mobile version of Yandex.Browser, a new version of Yandex.Mail, and the launch of the search platform Yandex.Island that delivers interactive search results.
Another key highlight from the earnings report included Yandex’s share of the Russian search market averaged 61.7 percent during the second quarter of 2013. Yandex’s search engine result pages also grew 22 percent from Q2 2012.
With 239,000 advertisers, Yandex boasted a six percent increase in the number of advertisers on the site from Q1 of this year. The increase in advertisers represented a 24 percent jump from Q2 2012.
More notable events included a signed cooperation agreement with Mail.ru, making Yandex Mail.ru’s paid search provider, and the completed formation of the joint venture between Yandex.Money and Sberbank.
Here is a quick snapshot of Yandex’s Q2 2013 revenue results:
On a much more tragic note, Yandex has reported that their co-founder and CTO Ilya Segalovich has lapsed into a coma and is brain dead. The 48 year old Segalovich had been responding well to cancer treatments before suffering from complications that led to his current condition.