Russia’s Yandex posts 46% jump in revenues in Q3

Russia’s Yandex posts 46% jump in revenues in Q3

MOSCOW (Reuters) – Russian internet giant Yandex on Thursday reported a 46% year-on-year increase in total revenues in the third quarter to 133.2 billion roubles ($2.14 billion) and expanded its dominant share in the domestic search market.

Yandex in August sold its news aggregator, content platform Zen and homepage yandex.ru to state-controlled VK in a move that is expected to tighten the government’s grip on the internet, but maintains Yandex’s stranglehold on online searches, which account…


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