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Yandex Internet Search Share Steady, Google Gains: Liveinternet

Yandex NV (YNDX), Russia’s most popular Internet search engine, kept its weekly search-market share unchanged while Google Inc.’s portion rose, data compiled by Liveinternet.ru show.

Yandex’s share of the Russian online search market remained steady at 59.5 percent in the week through March 25, according to Liveinternet, an Internet-service provider and researcher. Yandex’s share averaged 59.4 percent over the past four weeks, the data showed.

Google’s (GOOG) share of Russian searches rose to 25.9 percent from 25.8 percent the previous week and compared with a four- week average of 25.9 percent, according to Liveinternet.

The share of Mail.ru Group Ltd., the largest Russian- language Internet company, remained unchanged at 9.3 percent from the previous week, while the four-week average fell to 9.3 percent from 9.4 percent, the data showed.

Yandex’s U.S.-traded shares rose 1 percent to $24.26 at 10:26 a.m. in New York. Yandex has gained 23 percent this year after losing 21 percent from its May initial public offering in 2011, data compiled by Bloomberg show.

Global depositary receipts of Mail.ru rose 1 percent to $38.90 in London. Yandex is trading at 29 times analysts’ earnings estimates, compared with 45 times for Mail.ru (MAIL), according to data compiled by Bloomberg.

To contact the reporter on this story: Halia Pavliva in New York at hpavliva@bloomberg.net

To contact the editor responsible for this story: Emma O’Brien at Eobrien6@bloomberg.net

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