MOSCOW, Feb 15 (Reuters) – Russian internet giant Yandex
on Tuesday reported a sharp drop in adjusted annual net
profit, but said total revenue could surge this year to around
$6.5 billion, driven in part by high turnover growth in
e-commerce.
Yandex’s core advertising business, which accounted for 47%
of total revenue in the fourth quarter of 2021, suffered during
the early stages of the COVID-19 pandemic, but surging interest
in online transactions allowed its other…
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