Russian internet giant Yandex has raised its 2021 revenue forecast, saying that strong growth in newer business areas such as e-commerce and food delivery pushed advertising’s share of group revenues below 50% for the first time.
Yandex’s advertising and search business, still the driving force of its profits, has recovered from a hit during the early stages of the COVID-19 pandemic. At the same time, its revenue growth has been outpaced by the newer business…
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