Yandex Reports 34% Revenue Growth in Q1 2025

Posted by By Dan Taylor 2 Min Read

Yandex has released its financial results for the first quarter of 2025, reporting a 34% increase in revenue compared to the same period in 2024. The company’s total revenue reached RUB 306.5 billion.

Adjusted EBITDA for the quarter was RUB 48.9 billion, up 30% year-on-year. This accounted for 16% of the total revenue.

Strong Growth Across All Segments

Yandex’s share of the Russian search market grew by 2.7 percentage points to 67.2%, according to Yandex Radar. The number of search queries rose 9.9% year-on-year.

The Search and Portal segment, which includes services like Search, Geoservices, and Browser, saw a 21% increase in revenue. It brought in RUB 113.7 billion for the quarter.

City Services, which covers E-Commerce, Ridetech, and Delivery, grew 45% to RUB 177.6 billion. E-Commerce was the main driver, with revenue jumping 60% year-on-year.

The Plus and Entertainment Services segment grew by 58%, reaching RUB 32.5 billion in revenue. This segment includes Yandex Plus, Kinopoisk, Yandex Music, and Plus Studio.

Direct ticket sales through Yandex Afisha rose 79% year-on-year, with turnover hitting RUB 11.9 billion. Ticket sales through partner sites also increased by 50%, reaching RUB 3.2 billion.

The Yandex Plus subscriber base grew by 26%, hitting 41.3 million users.

Revenue from Classifieds Services, including Avto.ru and Yandex Real Estate, rose 35% to RUB 9.3 billion.

Other Business Units and Initiatives, which includes autonomous transport, Yandex Cloud, Devices, and Fintech, saw a 57% rise in revenue to RUB 35.9 billion.

Full-Year Forecast Remains Unchanged

Yandex is maintaining its full-year 2025 forecast. The company expects revenue growth of over 30% and adjusted EBITDA of at least RUB 250 billion.

This outlook is based on current market trends but may be revised depending on economic conditions.

In February, Yandex reported total 2024 revenue of over RUB 1 trillion.

Dan Taylor
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Dan Taylor is the founder and editor of International Search Insights (ISI), the publication behind ReadIsi, and a Partner and Head of Innovation (Search & AI) at SALT.agency. He has worked in search for more than a decade, in-house and agency-side, and is regarded as one of the West’s leading voices on search engines beyond Google, including Yandex, Baidu, Naver and Cốc Cốc. On ReadIsi, Dan covers the engines and AI answer platforms that English-language coverage tends to miss: Baidu and ERNIE, Yandex and Alice AI, Naver, Cốc Cốc, Shenma, Sogou, WeChat and Weibo search, plus DeepSeek and Alibaba’s Qwen. He also keeps dated records of documented changes, such as the Yandex, Baidu and Naver algorithm update histories and the DeepSeek, ERNIE and Qwen model update histories. His approach is to take learnings from global search engines and apply logic with a high evidence threshold. A claim needs a source, patterns seen in one market are treated as a hypothesis until they are checked in another, and where the evidence is thin he says so. For brands, that means advice built on what can be shown, with measurement that separates being cited from being chosen. Dan is credited with coining the term “edge SEO” and won the inaugural TechSEO Boost research competition in 2018 for his work on CDN and edge changes for SEO. In 2026 he was credited with coining “Infinite Tail” to describe how keyword research is changing with AI search. He is the author of AI Search Marketing For The Travel Sector, writes for Search Engine Journal, Search Engine Land and Travel Marketing Guy, and has advised technology, SaaS, travel and enterprise ecommerce brands, including Cloudflare, GitLab and Airbnb. He has given multiple talks and panels at the International Search Summit in Barcelona, and has also spoken at Optimization Moscow, brightonSEO, Google Search Central Live Deep Dive Asia in Bangkok, Athens SEO and the Asia SEO Virtual Summit 2026, where his talk looked at how Baidu, Naver, DeepSeek, Tencent, Cốc Cốc and Yandex built their own AI answers.
Founder & Editor