Yandex revenue increases by approximately 130%
By Andrew Redfern @ 31st January 2008 7:23 pm
Russian search engine Yandex today announced it preliminary financial results for 2007 an dthe main headline was that revenues have increased by approximately 130% since 2006.
Yandex continues to derive most of its revenue from contextual advertising. The ratio of revenue derived from contextual and display advertising remained approximately the same.
Yandex celebrated its 10th anniversary in 2007. During 2007 Yandex has introduced a new search platform, revamped image search and launched a number of new services including Yandex.Fotki (a free photo hosting servce) and satellite map search.
Yandex also localised search and a number of our other of its services to serve the Ukrainian market (www.yandex.ua). With the acquisition of Smartcom, a developer of mobile applications, Yandex launched mobile services.
In the spring, Yandex purchased Moi Krug (My Circle), a social networking website for professionals. In the fall, Yandex announced the launch of the Yandex Local Network, to improve accessibility of Yandex services for users in Russia’s regions and in the CIS.
Yandex also established the School for Data Analysis – a fundamental research center and a Master’s program in data analysis. Yandex has six offices in total and has over 1000 employees.
Other Related Stories That May Be Of Interest:
- Yandex builds search engine for its Ukrainian users
- Yandex moves its infrastructure into Europe
- Yandex content network starting to boom
- Yandex expands it’s real-time traffic map data
- Yandex Building Massive New Data Center
- Yandex contextual ad serving system now in English
- Search Engine Traffic 2.0. Yandex monitors Moscow traffic
- Yandex Now Offers A Budget Control Tool For Its Advertisers
- Yandex Search Supports World Standards
- Yandex makes over $300m in 2008
