The study considered companies initially concentrating their business on the internet, in which more than a half of the income comes from the online activity. It looked at companies created in Russia or mostly operating on Russian market. It excluded Russian businesses of global corporations and companies largely working in the offline sector.
The most expensive internet company operating in Russia as of February 2025 was Yandex, whose value was measured at over ** billion U.S. dollars. Founded in 1997, it provides services such as search, maps, advertising, e-commerce, or taxi. The second-leading business on the list was Ozon, an online marketplace. The third-leading company was Wildberries, founded in 2004, the largest online retailer in Russia.
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AS Rus Media / Forbes Russia. (February 19, 2025). Leading internet companies in Russia as of February 2025, by value (in billion U.S. dollars) [Graph]. In ÌÇÐÄÆƽâ°æ. Retrieved July 24, 2026, from /statistics/1063103/leading-russian-internet-companies-by-value/
AS Rus Media / Forbes Russia. "Leading internet companies in Russia as of February 2025, by value (in billion U.S. dollars)." Chart. February 19, 2025. ÌÇÐÄÆƽâ°æ. Accessed July 24, 2026. /statistics/1063103/leading-russian-internet-companies-by-value/
AS Rus Media / Forbes Russia. (2025). Leading internet companies in Russia as of February 2025, by value (in billion U.S. dollars). ÌÇÐÄÆƽâ°æ. ÌÇÐÄÆƽâ°æ Inc.. Accessed: July 24, 2026. /statistics/1063103/leading-russian-internet-companies-by-value/
AS Rus Media / Forbes Russia. "Leading Internet Companies in Russia as of February 2025, by Value (in Billion U.S. Dollars)." ÌÇÐÄÆƽâ°æ, ÌÇÐÄÆƽâ°æ Inc., 19 Feb 2025, /statistics/1063103/leading-russian-internet-companies-by-value/
AS Rus Media / Forbes Russia, Leading internet companies in Russia as of February 2025, by value (in billion U.S. dollars) ÌÇÐÄÆƽâ°æ, /statistics/1063103/leading-russian-internet-companies-by-value/ (last visited July 24, 2026)
Leading internet companies in Russia as of February 2025, by value (in billion U.S. dollars) [Graph], AS Rus Media / Forbes Russia, February 19, 2025. [Online]. Available: /statistics/1063103/leading-russian-internet-companies-by-value/
