Yandex releases healthy Q1 results

15 May 2015

Russia’s Internet search giant Yandex returned solid results for Q1 of FY2015, with $211 million U.S. in revenue in the first three months of this year.

The company, which has sizable interests in online classifieds including recruitment, auto and real estate platforms, has taken a hit on display advertising, but other indicators remained in good health.

“Despite a challenging macro-economic

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Pavel Marceux

Pavel Marceux joined AIM Group in 2014 as a writer focusing on the Russian market. Following his MA at Edinburgh University, he worked in a number of countries, including Turkey and Japan. Pavel has honed his skills and knowledge at several publishing houses and consumer markets research firms. He is an experienced markets analyst, researcher and editor, who values accuracy, professionalism and honesty in his work above all else. His specialist focus is technology, economics and consumer trends. Splitting his lifestyle largely between London and Moscow, Pavel functions on a truly international platform.