Click here to preview the new Fast Company

Want to try out the new FastCompany.com?

If you’d like to return to the previous design, click the yellow button on the lower left corner.

Yandex Reports 51 Percent Rise In Q1 Revenue

Russian search company Yandex is reporting its first quarter results, and revenues of $200 million, up 51% from Q1 2011. Yandex now holds 59.4% of the search market in Russia, and is seeing a quickly growing user base in Turkey, where it recently launched a Turkish search site. This year, Yandex announced a partnership with Twitter to gain access to its fire hose of real-time tweets, and also launched Yandex Navigator, a voice-controlled GPS app for iOS and Android. Here's how Yandex scales with other global search companies: China's Baidu (which owns 78% of the Chinese search market) also reported Q1 earnings yesterday, and revealed revenues of $667 million, a 75% rise since last year, while Google reported revenues of $10.65 billion, up 24% from 2011.

To read news items as they develop, watch for more Fast Feed stories during the day, by clicking here.

Add New Comment

0 Comments