Yahoo Reports $1.32B Revenue For Q4-FY12; Display Ads Decline 10% YoY


Yahoo has reported a net profit of $301 million for the quarter ending December 31, 2012, registering a 10% growth from $273.65 million profit in the same quarter last year. For the fiscal ending 2012, Yahoo reported a net profit of $3.95 million, registering a significant growth from $1.06 billion profit in the last fiscal.

It posted a total revenue of $1.35 billion for the quarter, up 2% from $1.32 billion revenue in the same quarter last year. Excluding the traffic acquisition costs, Yahoo has reported total revenue of $1.22 billion for the quarter, up 4% from $1.17 billion in the same quarter last year. Note that this revenue includes a cash tax payment of $2.3 billion related to the sale of Alibaba shares.

For the fiscal ending 2012, Yahoo reported total revenue of $4.99 billion, marginally up from $4.98 billion revenue in the last fiscal. Excluding the traffic acquisition costs, Yahoo reported a total revenue of $4.47 billion, up from $4.38 billion in 2011. This revenue includes a $550 million payment from Alibaba in satisfaction of certain future royalty payments under the existing license agreement with Alibaba.

Highlights

- During the quarter, Yahoo released redesigned versions of Yahoo Mail and Flickr iOS app.

- Yahoo acquired the New York-based mobile recommendation app Stamped and video chat broadcasting startup OnTheAir. Last week, it also acquired San Franscisco based content curation startup Snip.it.

- Yahoo Sports inked a distribution and branding deal with NBC Sports to deliver news, fantasy games, and video coverage of sporting events while Yahoo inked a similar deal with CBS Television to launch a multiplatform entertainment news series called omg! Insider.

- Yahoo announced a cross-promotional content deal with Wenner Media to strengthen the content and reach of Yahoo Music and Yahoo’s omg! by combining the editorial with entertainment media brands Us Weekly, Rolling Stone, and Men’s Journal.

- Yahoo announced an expanded multi-year partnership with Samsung, to integrate Yahoo’s Broadcast Interactivity platform into Samsung 2012 Smart TVs. As per the agreement, Yahoo-owned IntoNow’s SoundPrint technology was deployed in Samsung’s SyncPlus platform to offer SmartTV users real-time, relevant content alongside television shows and commercials.

- Yahoo appointed Paypal co-founder Max Levchin to its board of directors, while The Weather Channel CEO David Kenny and Intuit CEO Brad Smith stepped down from the board to focus on their respective companies.

- Yahoo India tied up with the Delhi based classifieds business Getit Infoservices to launch a co-branded local search portal yahoo.getit.in and offer local search on Yahoo India homepage.

Display Revenues

Yahoo reported a decline in display revenues for the quarter. It reported a total revenue of $590.6 million for the quarter, a decline from $612 million revenues in Q4-FY11. Excluding the traffic acquisition costs, Yahoo reported display revenues of $520.4 million for the quarter, a decline from $545.6 million revenues in Q4-FY11. Yahoo said that the number of display ads sold declined by 10% year-on-year (YoY) while the price-per-ad increased by 7% YoY.

For the fiscal ending 2012, Yahoo reported total display revenue of $2.14 billion, down from $2.16 billion revenue in the last fiscal. Excluding the traffic acquisition costs, Yahoo reported a total display revenue of $1.9 billion, down from $1.93 billion in 2011.

Search Revenues

Yahoo reported a total search revenue of $482 million for the quarter, up from $464.5 million revenues in Q4-FY11. Excluding the traffic acquisition costs, Yahoo reported search revenues of $427.2 million for the quarter, up from $375.5 million revenues in Q4-FY11. Yahoo said that the number of paid clicks increased by 11% YoY while the price-per-click increased by 1% YoY.

For the fiscal ending 2012, Yahoo reported total search revenue of $1.89 billion, up from $1.85 billion revenue in the last fiscal. Excluding the traffic acquisition costs, Yahoo reported a total display revenue of $1.61 billion, down from $1.48 billion in 2011.

APAC Revenues

The revenue generated from the APAC region declined to $272.2 million for the quarter, from $275.1 million revenues in Q4-FY11. Excluding the traffic acquisition costs, the revenue from the APAC region stood at $216.5 million for the quarter, down from $219.3 million in Q4-FY11.

For the fiscal ending 2012, the revenue generated from the APAC region however increased marginally to $1.052 billion, from $1.051 billion revenues in FY-11. Excluding the traffic acquisition costs, the revenue from the APAC region stood at $830.7 million, up from $830.4 million in FY-11.

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Related:
- Yahoo Q3 2012: $152M Income On $1.089B Revenue
- Yahoo Net Profit Down 4.4% YoY, $1.22 Billion Total Revenue
- Yahoo Net Profit Up 28% YoY; Search Revenues See An Increase; Operational Highlights

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