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Google raises FY revenues in Russia

Google raises FY revenues in Russia

MOSCOW: Google revenues in Russia grew by 31.5 percent year-on-year to RUB 29.9 billion in 2016, reports Interfax. The net profit increasedby 36 percent to RUB 3.15 billion.

Revenues of Google’s main competitor on the Russian market, those of internet search engine Yandex, grew by 18.7 percent to RUB 71.7 billion in 2016, though its net profit declined by 23 percent to RUB 14.9 billion. Yandex’s market share has fallen for the past three months in a row.