Google’s Russian subsdiary, which holds less than 1/3 of Russian search market, reported revenues of $69 million (2.2 billion Rubles) in Russia in 2009, wrote newspaper Vedomosti. That is ca.10% of Russian internet advertising market valued at more than $600 million in 2009. Google‘s net income in Russia reached $4 million (126 million rubles) last year. The numbers will imply that Russia accounts for only 0.3% of Google’s annual revenues of $23.6 billion in 2009.
Google‘s revenues in Russia in 2009 were four times less than revenues of Yandex and twice as less as revenues of Mail.ru.
Google holds 22% share of Russian searches, behind Yandex with 66%, according to internet statisctics service LiveInternet.ru. Mail.ru holds 8% and Rambler holds 3% search share in Russia.