Yandex announces Q1 2015 financial results

Moscow and Amsterdam, Netherlands – Yandex (NASDAQ: YNDX), one of Europe’s largest internet companies and the leading search provider in Russia, today announced its unaudited financial results for the first quarter ended March 31, 2015.


“Despite a challenging macroeconomic environment, we delivered good top-line performance with text-based advertising on our own sites growing 14%. The number of advertisers we serve grew sequentially as businesses continue to respond to the inherent advantages of contextual advertising,” said Arkady Volozh, Chief Executive Officer of Yandex.