Yandex received 38.6 billion rubles from the sale of its stake in the Zen.Platform subsidiary to the VK holding in 2022. This was learned from the financial statements of the company published in the database of the Federal Tax Service.

It is known that Yandex owned 99.95% of the registered capital of the company until its sale. The deal was completed in September 2022. After that, Zen.Platforma’s revenue last year reached 5.3 billion rubles, an impressive 578% increase.

At the same time, net profit reached 96.9 million rubles. The main activities of the company are advertising, marketing, consulting and software development.

According to experts, the sale of Yandex’s stake in Zen.Platform and the subsequent success of the company confirms the growing popularity and prospects of this service in the market.

Source: Ferra

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