yandex-logo-200pxThis morning, Russia’s leading search engine, Yandex, announced it’s second quarter results this morning, revealing a revenue of $361.5 million (or 3.6 billion rubles), which is 32 percent higher than last year.

When it comes to income, Yandex has made $1.08 billion (3.6 billion rubles), which is a 13% increase over Q2 2013.  But, the search engine’s net income has dropped 18% vs 2013.

93 percent of Yandex’s total revenue in Q2 has stemmed from their text-based ad revenue (search and network).  Their display revenue has contributed a mere 6% of their total revenue.  Last year at this time, display had made 12% of the total revenue.  Sites that were operated by Yandex drove the majority of the company’s revenue.

CPCs have increased by a marginal 1%, and paid clicks have seen an increase of 36% when you compare these two points to this time last year.  Finally, Yandex has seen a 25% increase in the number of advertisers at the end of Q2.  The total amount of advertisers that Yandex has disclosed the number of advertisers to be at 295,000.

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It seems, similar to Google here in the states, Yandex has an incredible controlling share of the search market, which comes to 61%.  The company stated that search queries across its network has gone up by 21% compared to last year.

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