MOSCOW: 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 US$6.5 billion, driven in part by high turnover growth in e-commerce.
Yandex’s core advertising business, which accounted for 47 per cent 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 businesses to…
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