Yandex topped the ranking of the most valuable Runet companies according to Forbes

Yandex topped the ranking of the most valuable Runet companies according to Forbes

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Despite the purchase of Russian assets by a group of investors, Yandex (MOEX: YNDX) still remains the most valuable Internet company in the ranking Forbes. Its value is estimated at $12.5 billion by the largest Internet company Yandex. was and in 2023, despite the fall in value. In second place is the Wildberries marketplace ($7.2 billion), followed by Ozon ($7 billion).

If in 2022 Wildberries caught up with Yandex in value, then in 2023 the marketplace almost lost second place to Ozon. During the year, Wildberries faced strikes by the owners of delivery points and a fire in Shushary, which cost at least 10 billion rubles. Ozon increased sales volumes in 2023. Key indicators increased by 60%, capitalization by 35%. As Forbes notes, the marketplace segment remains the leading among Internet companies. Marketplaces account for about 46% of the value of the 30 largest Russian Internet companies.

Over the past year, their revenue grew by 64% on average, and their value by 20%. At the same time, the cost of Russian online cinemas has increased significantly – their total valuation has risen by 80%. The total value of the 30 most valuable Russian Internet companies for the year amounted to about $55 billion (or +21%). However, the capitalization of Russian companies is still significantly lower than foreign ones. For example, Microsoft’s capitalization recently reached $3 trillion.

The Forbes rating includes companies whose revenue is generated on the Internet. These do not include stores selling goods online or banking services. The companies were asked for financial indicators. Their prices were compared to their public counterparts. The final assessment also took into account the assessment of financial analysts and data on stock transactions. The value of public companies is equal to their capitalization on the Moscow Exchange as of February 1, 2024.

About the progress of the transaction for the sale of Yandex – in the material of Kommersant “Stock Finder”.

Anastasia Larina

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