OREANDA-NEWS  Yandex's revenue amounted to 164.8 billion rubles in the fourth quarter of 2022. This is approximately 1.5 times more than the indicators of the end of 2021.

"The increase in revenue is due to the good results of the Yandex advertising network (YAN; primarily due to growth in applications, as well as YAN partner sites) and the growth of advertising revenue in search," says Yandex's financial report revenue growth in the search and portal segment.

Similar revenue growth was recorded in other segments, including entertainment services and e-commerce.

Yandex's consolidated revenue for 2022 amounted to 521.7 billion rubles (+46% in annual terms).

On February 13, the American company FMR LLC increased its share in the parent structure of Yandex to 5.983%. Trading in Yandex securities on NASDAQ and the New York Stock Exchange was suspended on February 28, 2022.