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.
collectionsNewslettersInnovation FestivalCurrent Issue
World Changing Ideas
New workplaces, new food sources, new medicine--even an entirely new economic system.
The major tech ecosystems that battle for our attention and dollars.
What’s next for hardware, software, and services.
The brave new world of automation, from AI to drones.
How our urban centers are building toward the future.
Most Creative People
See members of our Most Creative People in Business community: leaders who are shaping the future of business in creative ways.
An award-winning team of journalists, designers, and videographers who tell brand stories through Fast Company's distinctive lens.