The Yandex Cloud Cloud platform will increase investments in its products. In 2025-2026, 42 billion rubles will be allocated for the development of existing and creation of new services and technologies. This is almost twice as much as in 2023-2024, when spending amounted to 22 billion rubles. This was reported by Yandex.
The first area of investment is services for working with artificial intelligence technologies. The second is the tools for information security management. The third is a full—cycle platform for the development and maintenance of IT products.
The Yandex Cloud public cloud platform appeared in 2018 and now provides large companies, medium-sized businesses and private developers with more than 60 interconnected services: from solutions for storing, processing and analyzing data and machine learning tools to services for teamwork.
Yandex Cloud revenue in the first half of 2024 increased 1.5 times to RUB 8.8 billion. compared to a year earlier.
MKPAO Yandex is the parent company of Yandex, its main owner is the ZPIF Consortium.The first one." The ticker of the Yandex MCPAO on the Moscow Stock Exchange is YDEX.
The net loss of the Yandex group for the first half of 2024 amounted to 11.68 billion rubles against a profit of 34.67 billion rubles a year earlier. Adjusted net profit amounted to RUB 44.27 billion against RUB 23.55 billion (+88%). Revenue increased by 38% to RUB 477.63 billion from RUB 344.96 billion, adjusted EBITDA increased by 75% to RUB 85.2 billion from RUB 48.69 billion.
