Search and Market Share - Yandex's total search share in Russia reached 61.9% in 2022, up from 59.8% in 2021, with mobile search share at 57.9%[245] - The percentage of total search traffic generated from mobile devices increased to approximately 68% in Q4 2022, up from 64% in Q4 2021[245] - The core segment Search and Portal accounted for 43% of total group revenues in 2022, down from 46% in 2021, while non-advertising businesses contributed 49% of revenue[237][238] User Engagement and Services - Yandex Maps had a monthly audience of 30 million users in the mobile app and 49 million in mobile browsers as of December 2022[254] - As of December 2022, there were over 53 million monthly users of the Alice voice assistant across various platforms[261] - Yandex Go super app's total MAU exceeded 40 million by December 2022[285] - Yandex Travel's average monthly audience grew 3.7 times to about 11 million in 2022, with Gross Booking Value increasing by 1.7 times year-on-year, and hotel reservations growing by 181%[334] E-commerce and Revenue Growth - Yandex's e-commerce GMV nearly doubled in 2022, reaching 308 billion rubles, with third-party business (3P) increasing to 82% of the marketplace's GMV compared to 76% in 2021[296] - The number of active sellers on Yandex Market almost doubled year-on-year to 43,700, while total unique sellers reached 65,000[298] - The total number of SKUs on Yandex Market exceeded 60 million as of February 2023, up from 22.6 million at the beginning of 2022[297] - The Yandex Product Search tab delivered solid GMV to online stores, with every fifth e-commerce client using the Product campaign by December 2022[273] Advertising and Revenue Strategies - The share of conversion-oriented strategies in Yandex's advertising revenue reached 49% of total Search and Portal ad revenue and 68% of Yandex Advertising Network revenue by the end of Q4 2022[270] - Yandex's advertising revenue from international clients decreased to 3.4% in 2022 from approximately 8% in 2021 due to geopolitical factors[357] Technology and Innovation - Yandex introduced Y2, a new version of its search engine in 2022, featuring improved search capabilities and integration of a neural network transformer[246] - The Yandex Search App, enhanced with the Alice voice assistant, integrates multiple services and is available on Android and iOS platforms[250] - Yandex Cloud had 24,400 active users by the end of December 2022 and offers over 50 services, focusing on data analytics, security, and machine learning[338] - The data labeling platform had 240,000 monthly active contributors from over 100 countries, supporting AI model training and meeting GDPR compliance standards[395] Delivery and Logistics - Yandex Eats and Delivery Club provided express delivery in 30 minutes, with the integration of Delivery Club completed by year-end 2022, enhancing operational efficiency[307][308] - Yandex Market operated over 300,000 square meters of warehouse space and managed 99% of orders through its own delivery platform, achieving over 95% on-time delivery rate[300] - The new delivery formats launched in 2022 accounted for over 20% of total deliveries by December 2022, indicating significant growth potential in last-mile delivery[311] Autonomous Vehicles and Robotics - The number of robotaxi trips in Innopolis reached 47,000 by the end of December 2022, with Yandex operating an autonomous ride-hailing service[341] - By the end of 2022, the self-driving vehicles had driven over 23 million autonomous kilometers and completed over 50,000 passenger rides, while delivery robots completed over 200,000 deliveries[393] - The self-driving fleet consisted of 170 cars, accumulating over 23 million autonomous kilometers on public roads[342] Workforce and Education - The total headcount increased from 18,004 at the end of 2021 to 20,850 at the end of 2022, driven by growth in various business segments[383] - The Yandex School of Data Analysis graduated over 140 students during the 2021-2022 academic year, contributing to a global alumni network in machine learning and data science[376] - The number of students enrolled in the Lyceum of Yandex Academy has surpassed 10,000, with over 2,000 graduates in 2022[378] Legal and Regulatory Environment - The Russian government has proposed legislation limiting non-Russian ownership of significant internet companies to no more than 20%[415] - A recent law imposes restrictions on classifieds services, limiting non-Russian control to 50%, effective March 1, 2023[417] - The new online advertising data accounting system came into full force in September 2022, requiring all participants to provide detailed information on each online advertising unit[419] - The Russian Civil Code imposes strict liability for infringement of intellectual property rights in connection with business activities, creating potential legal exposure for online service providers[430] Strategic Developments - Yandex completed the acquisition of Delivery Club in September 2022, marking a strategic exit from media businesses[241] - A strategic restructuring process was announced to ensure sustainable development, including potential divestment of ownership and control of core businesses based in Russia[392] - The company is in the process of building a new headquarters in Moscow, having acquired a property site in December 2018[391]
Yandex(YNDX) - 2022 Q4 - Annual Report