Search and portal brought Yandex revenue of 67.5 billion rubles. It increased by 54% in the first quarter of 2023 compared to 43.8 billion rubles a year earlier. This is stated in the company's message.
Revenue net of remuneration to partners increased by 50% to RUB 55.26 billion from RUB 36.76 billion, adjusted EBITDA increased by 77% to RUB 34.7 billion from RUB 19.56 billion.
The Search and portal segment includes Search, Geoservices, Weather and a number of other Yandex services in Russia, Belarus and Kazakhstan.
Yandex is a Russian multinational company in the field of information technology. The Yandex search engine is the fourth among the world's search engines in terms of the number of requests processed.
Yandex's net profit for the first quarter of 2023 amounted to 5.78 billion rubles against a loss a year earlier. Revenue increased by 54% to RUB 163.27 billion from RUB 106 billion. Adjusted EBITDA amounted to RUB 12.79 billion against RUB 1.27 billion.
