Russia’s IT giant Yandex Unveils Record-Breaking Entertainment Growth, Fuels Russia’s Streaming Boom - European Business & Finance Magazine

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Russia’s IT giant Yandex Unveils Record-Breaking Entertainment Growth, Fuels Russia’s Streaming Boom - European Business & Finance Magazine

MOSCOW, RUSSIA – Media OutReach Newswire – 21 February 2025 – Yandex announced its financial results for the Q4 2024 and the full year, highlighting a surge in its entertainment services bundled under the Yandex Plus subscription. Yandex reported a 37% revenue increase in 2024, to 1.1 trillion rubles ($11.22 billion). Adjusted EBITDA reached 188.6 billion rubles, accounting for 17.2% of total revenue, i.e. 2.1 p.p. higher than in 2023. The numbe…