Russia's Yandex reports record annual revenues for 2024

Feb 20 (Reuters) - Russian internet firm Yandex YDEX.MM on Thursday reported annual revenues above 1 trillion roubles ($11.22 billion) for the first time, in a year when the business underwent a significant restructuring.

A Russian consortium of buyers in July finalised a $5.4 billion cash and shares deal to acquire Yandex's Russia-based assets, which had been held through Yandex's Nasdaq-listed Dutch parent, the largest corporate exit since Russia's invasion of Ukraine in February 2022, albeit at a hefty discount.

($1 = 89.1000 roubles)