Update: Yandex today (April 26th) reported that net income in the first three months of 2012 rose 53 percent from the same period last year to 1.26 billion rubles ($43 million) as text-based advertising revenue rose, according to Bloomberg. Sales gained 51 percent to 5.9 billion rubles.
In November Russian search engine Yandex joined Google, Microsoft Bing, and Yahoo! to collaborate on schema.org. The Semantic Web Blog recently caught up by email with Alexander Shubin, Yandex product manager and head of strategic direction, to discuss this and other developments.
The Semantic Web Blog: Can you update us about how Yandex is doing? We know it’s still leading search traffic in Russia, but do you see more competition there, and how have international expansion plans been proceeding?
Shubin: Yandex is the leader in Russia with 59 to 60 percent market share. Russia is one of the few countries where a local search engine keeps a leading position, in spite of international players’ expansion.
Last year Yandex was launched in Turkey, where we suggest 12 services (including web search) so far. According to our statistics, yandex.com.tr processes more than 1 million queries daily. Turkey is the first non-Russian speaking market for us and we have done a lot of work to deliver services that would be interesting for the local community. The main target for Yandex in Turkey, where one search engine still keeps 90 percent of search market, is to become the Number 2 player and to deliver more local search results and services than our competitor does.
Turkey is more or less an experiment for us: If we meet our target there, we can potentially do the same on any other non-Russian speaking market. But it is too early to make any conclusions or announcements so far as we have worked in Turkey only half of year. Stay tuned!