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Russia's Yandex reports record annual revenues for 2024
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Russia's Yandex reports record annual revenues for 2024
Feb 19, 2025 10:32 PM

Feb 20 (Reuters) - Russian internet firm Yandex

on Thursday reported annual revenues above 1 trillion

roubles ($11.22 billion) for the first time, in a year when the

business underwent a significant restructuring.

A Russian consortium of buyers in July finalised a $5.4

billion cash and shares deal to acquire Yandex's Russia-based

assets, which had been held through Yandex's Nasdaq-listed Dutch

parent, the largest corporate exit since Russia's invasion of

Ukraine in February 2022, albeit at a hefty discount.

($1 = 89.1000 roubles)

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