Yandex net profit increased by 139%

In 2006, Yandex’s revenue more than doubled to $ 72.6 million, and the company's net income reached $ 29.9 million, 139% higher than in 2005, when its size was 12.5 million. dollars. OIBDA * amounted to $ 43.1 million, which is 130% more than in the previous reporting period.

Over the past year, the number of advertisers placing their ads on the Yandex.Direct system increased by 45% in 2006 and exceeded 30,000. According to LiveInternet statistics, Yandex’s share in search traffic of Russian users throughout the year remained at 60%. Sales of contextual and display advertising on Yandex in 2006 doubled compared to the year before last.

According to Yandex CEO Arkady Volozh, the financial results for 2006 have already allowed the company to make several acquisitions in 2007, including the Moi Krug social network, Yandex.Money electronic payment system, and the Smartcom mobile application development team.
//computerra.ru