Yandex predicts up to 340 billion rubles in revenues in 2021
2021-07-28 01:42

Yandex predicts up to 340 billion rubles in revenues in 2021

Russian IT company Yandex plans to earn nearly 340 billion rubles in 2021.

"Based on current financial results, we expect Yandex Group's total revenue to be 330-340 billion rubles for the full year 2021," the company said.

The company expects turnover (GMV) on e-commerce services (including Yandex.Marketplace, product delivery service Yandex.Lavka, as well as FMCG ordered from partner stores through Yandex.Food service) to increase threefold during 2021 compared to 2020. In addition, the company predicts that the total gross trip value of the online taxi ordering service, excluding the logistics service, will increase by about 60% during 2021 compared to 2020.

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Author: Karina Kamalova