February 20, 2014 / 11:26 AM / 3 years ago

Russia's Yandex sees 2014 revenues slowing on last year

1 Min Read

MOSCOW, Feb 20 (Reuters) - Russia's biggest search engine Yandex said on Thursday it expects revenues to grow by 25-30 percent this year, a slowing from the growth achieved in 2013.

For the full-year, it reported revenues up 39 percent.

Yandex is ahead of the world's biggest search engine Google in Russia with a market share of over 60 percent, benefiting from a booming online advertising market as the country has become Europe's largest internet market by audience.

The company said full-year net income was 13.5 billion roubles ($378.09 million), up 64 percent year-on-year.

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below