Yandex reports rise in revenues

Tue 2 February 2010 15:03, Bas van den Beld

Yandex reports rise in revenues

Russian search giant Yandex this week reports that 2009 has been a good year for them. Their earnings show a 14% rise in revenues.

The revenues are up to a total of 8.7 billion rubles (about 205 million euros). The number of advertisers grew 55%. More than four-fifths of Yandex' revenue comes from advertisers paying for links alongside other results.

The growing numbers show a trend in which search engine usage keeps on growing. In Russia search engines are handling almost twice as much traffic in December 2009 as a year earlier.

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