Yandex net income 2024| ��ƽ��

Net income of Yandex from 2007 to 2024 (in billion Russian rubles)

Characteristic	Net income in billion Russian rubles
2024	11.5
2023	55.6
2022	47.62
2021	-14.65
2020	24.15
2019	11.2
2018	44.26
2017	8.66
2016	6.78
2015	9.68
2014	17.02
2013	13.47
2012	8.22
2011	5.77
2010	3.82
2009	2.01
2008	2.43
2007	1.52

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Release date

February 2025

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Region

Netherlands, Russia

Survey time period

2007 to 2024

Supplementary notes

Net income is calculated as the total sales value minus all the costs and expenses, as well as depreciation, interests and taxes. In other words, it is a measure of the profitability of businesses and can be either distributed among the shareholders or held by the company together with the retained earnings.

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Yandex’s historical maximum net income was marked in 2023 at over 55 billion Russian rubles. In the following year, the company recorded a net profit of 11.5 billion Russian rubles.

Understanding the fluctuations

Yandex’s remarkable performance in recent years was largely due to the launch of new offline-to-online businesses – Yandex.Drive and Yandex.Eats, along with strengthened positions in search and the further development of cloud sharing technologies. Despite a significant reduction in net income from 2020 to 2021, the company has achieved a 38-percent growth in revenues in that period with a solid income from all the business segments, respectively. The sharp increase in net income in 2022 was explained by Yandex's sales of its News and Zen structures.

Yandex in a nutshell

 Since its foundation in 2000 in Moscow, Yandex has become one of the largest internet companies in Europe and the leading search engine provider in Russia. By offering innovative services and technologies every year, the company has been accounting for steadily growing revenues each year. A grocery and household goods express delivery service Yandex.Lavka and the development of driverless technologies are some of the latest projects launched by the company. Due to the impact of the Western sanctions on Russia, in 2024, the Russian business was sold to local investors, while the international unit was renamed Nebius.