Moscow - Saba:
Russian company Yandex announced strong financial results for the second quarter of 2025 on Tuesday, recording significant growth across all indicators, reflecting its robust performance and ability to maintain growth momentum despite challenges.
According to RT, the data showed that adjusted net profit (according to international standards) jumped 34% year-on-year, reaching 30.4 billion Russian rubles (approximately $376 million).
The data also showed that the e-commerce sector grew by 46% year-on-year during the same period. Yandex generated revenues of 102.8 billion rubles (approximately $1.27 billion) from e-services.
The data also indicated a 14% increase in the volume of transactions in the "RideTech" sector (transportation and automotive-related services) in the second quarter, reaching 398.1 billion rubles.
Yandex is one of the largest technology companies in Eastern Europe. Founded in 1997, the company initially became known as a leading search engine before expanding into an integrated technology group offering a variety of digital services.