Russia's Yandex posts 46% jump in revenues in Q3

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03/11/2022 10:00

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      This content was produced in Russia, where the law
restricts
coverage of Russian military operations in Ukraine
    

  
       MOSCOW, Nov 3 (Reuters) - Russian internet giant Yandex
 YNDX.O  on Thursday reported a 46% year-on-year increase in
total revenues in the third quarter to 133.2 billion roubles
($2.14 billion) and expanded its dominant share in the domestic
search market.    
    Yandex in August sold its news aggregator, content platform
Zen and homepage yandex.ru to state-controlled VK  VKCODR.MM  in
a move that is expected to tighten the government's grip on the
internet, but maintains Yandex's stranglehold on online
searches, which account for a little under half of its revenues.
 ($1 = 62.1000 roubles)
 (Reporting by Alexander Marrow and Gleb Stolyarov; Editing by
Kevin Liffey)
 ((alexander.marrow@thomsonreuters.com))