The company's profit rose to $75.1 million on revenues of $305 million, which is up 36% year-over-year.
The Moscow-headquartered company's share of the Russian search market averaged about 62% in Q1 2014, while Yandex's number of advertisers grew to more than 280,000, up 25% from Q1 2013.
“Yandex delivered strong quarterly revenue growth. We enjoyed growth in the number of advertisers, enhanced Yandex.Direct functionality for domestic and international clients and made several important launches on the mobile front.”
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