Revenue of “Yandex” in 2022 amounted to 522 billion rubles
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“Yandex” presented financial results for the fourth quarter and the whole of 2022. The company’s total revenue for the year increased by 46% and amounted to 521.7 billion rubles, adjusted net profit — 10.8 billion rubles. Group revenue in the fourth quarter of 2022 increased by 49% to RUB 164.8 billion.
The largest part of revenue (39%) came from the Search and Portal segment. It grew by 47% year-on-year and brought the company RUB 69.7 billion. The total search share of Yandex in the fourth quarter was at the level of 62.6%, showing an increase of 2.4 p.p. year by year. The company’s search share on Android grew to 62% over the same period, and on iOS to 48%. About 68% of search inquiries in “Yandex” were the share of mobile devices, specified in the company.
The top 3 segments in terms of revenue also included Ridetech (21%), which includes taxi, car sharing and scooter rental services, and E-Commerce (17%).
At the same time, the loss on adjusted EBITDA of the group of logistics services, Rydtech and E-commerce in the fourth quarter of 2022 increased and amounted to 10.6 billion rubles against a loss of 7.3 billion rubles. a year earlier.
The number of Plus subscribers in 2022 increased to 19.3 million compared to 11.6 million a year earlier, and Kinopoisk subscribers – 8.4 million, follows from the reporting. Revenue from smart devices with Alice in the fourth quarter increased by 189% compared to the same period last year and amounted to 11.7 billion rubles. Since 2018, more than 5 million smart devices have been sold, the company said. Number of active users “Yandex Go” at the end of the year, the company estimated at 40.2 million people.
Turnover (GMV) of O2O services, which includes Yandex Delivery, Yandex Food and Delivery Club, Yandex Lavka Israel, Yandex Gas Stations, and a few smaller experimental O2O services, grew 59% in the fourth quarter compared to the same period last year and amounted to 67 billion rubles.
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