The company "Yandex" reported on the work in the second quarter of this year: the revenue of the Russian IT giant is growing, while net profit is declining.
Revenue from April to June inclusive amounted to 41,4 billion rubles (656,3 million US dollars). This is 40% more than the result for the second quarter of last year.
At the same time, net profit collapsed tenfold (by 90%), amounting to 3,4 billion rubles (54,2 million US dollars). Profitability on net profit - 8,3%.
Online advertising revenue grew by 19% compared to the same period in the second quarter of 2018. In the structure of the total revenue of "Yandex" it is now about 70%.
“Over the years, investments have allowed us to build a robust ecosystem that ensures the rapid growth of both existing and new businesses. As a result, our non-advertising businesses already bring in almost a third of the company's revenue, ”says Arkady Volozh, head of the Yandex group of companies.
The company's share of the Russian search market (including search on mobile devices) in the second quarter of 2019 averaged 56,9%. For comparison: a year earlier, this figure was 56,2% (according to the Yandex.Radar analytical service).
In Russia, the share of search queries to Yandex on Android devices reached 52,3% against 47,8% in the second quarter of 2018.
It is also noted that the number of trips in the taxi segment increased by 49% over the year. At the same time, revenue in the relevant area rose by 116% compared to the same indicator for the second quarter of 2018 and amounted to 21% in the structure of the company's total revenue.
Source: 3dnews.ru