Russian search engine Yandex has released its earnings for Q2 2015, and it looks like they are reporting a 14 percent year over year increase with a revenue that reaches $250.7 million (RUB 13.9 billion).

Yandex’s search market share, has averaged 57.3 percent in Q2, and their search queries has climbed 2 percent when compared to the same quarter last  year.

Yandex CEO Arkady Volozh said,

“We remain focused on improving the quality of our search products, including mobile search, as well as our advertiser solutions.”

Volozh said that the company has been planning to release a new auction mechanism in Q3, which could help grow Yandex’s online advertising business.

Here is Yandex’s A2 2015 Earning Report:


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