Net profit of Yandex increased by 116% to RUB 24.1 billion in 2020

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AK&M 18 February 2021 14:40

In 2020, Yandex's net profit increased by 116% to RUB 24.1 billion ($326.9 million), the company informed.

Consolidated revenue increased by 24% to RUB 218.3 billion (RUB $ 2.956 billion). Adjusted EBITDA was RUB 49.8 billion ($673.6 million) decreasing by 2%. Adjusted EBITDA to revenue ratio reached 22.8%.

Yandex is a multinational IT company. Yandex is the world's fourth biggest search engine in terms of the number of queries processed.