Yandex has published unaudited financial results for the first quarter of 2019: key performance indicators of the Russian IT giant showed significant growth.
Thus, consolidated revenue rose by 40% year-on-year, reaching RUB 37,3 billion (USD 576,0 million). Net profit jumped by 69% and amounted to 3,1 billion rubles (48,3 million US dollars).
The share of "Yandex" in the Russian search market (including search on mobile devices) in the first quarter of 2019 averaged 57,0%. For comparison: a year earlier, this figure was 56,5% (according to the statistics of the Yandex.Radar service).
In Russia, the share of search queries to Yandex on Android-based devices was 2019% in the first quarter of 51,2, while in the fourth quarter of 2018 it was 49,5%, and in the first quarter of last year - 46,3% .
Online advertising revenue rose 18% year-on-year. In the structure of Yandex's total revenue in the first quarter of 2019, it amounted to 73%.
The taxi segment business continues to develop actively. Here, quarterly revenue rose by 145% compared to the same indicator for the first quarter of 2018 and amounted to 20% in the structure of the company's total revenue.
βWe have had a great start to the year. Each of our business areas has made a significant contribution to the overall result. In the first quarter, we achieved high revenue growth rates for our core business, continuing to introduce new developments in products and advertising technologies,β said Arkady Volozh, head of the Yandex group of companies.
Source: 3dnews.ru