wordpress blog stats
Connect with us

Hi, what are you looking for?

Q1-09: Yahoo Net Profit Down 78% At $118.7 Million; Firing 5% Employees Worldwide

yahoo india layoffs

yahooYahoo has reported a net profit of $118.7 million, down 78% when compared with Q1 last year. Gross revenes were down as well – at $1,580 million, down 13 percent from Q1 2008. The company has also decided to lay off 5 percent employees across the globe. 

q109-yahoo-profitvsrevenues

Details: Financials and Release | Presentation | Webcast

Revenues

According to Yahoo CEO Carol Bartz, the company experienced pressure in both display and search advertising in the first quarter. Yahoo’s Marketing services revenues declined 12 percent and fees revenues declined 20 percent. Yahoo’s marketing revenues from Owned and Operated sites were $872 million down 10 percent decrease compared to $966 million for the same period in 2008. The decrease was driven by a 3 percent decline in search advertising revenue and a 13 percent decline in display advertising revenue.

q109-yahoo-marketingrevenue

Marketing services revenues from Affiliate sites were $511 million for the first quarter of 2009, a 16 percent decrease compared to $606 million for the same period of 2008. The decrease was driven primarily by Yahoo!’s efforts to improve traffic quality and lower revenue per search.

q109-yahoo-internationalvsus

 

Segmentwise, international revenue shrunk from $468 million last quarter and $510 million for the same quarter last year, to $392 million. US revenues also declined to #1188 million. 

Yahoo also said that their revenue has been impacted by the sale of Kelkoo and lower fees from broadband partnerships and music. 

More from the earnings call.

You May Also Like

News

Kotak Mahindra Bank reported a net profit of ₹1,853.5 crore for the third quarter of the current financial, up by 16% year-on-year from ₹1,944...

News

Yes Bank Ltd posted a net profit of ₹151 crore during the third quarter of the current financial year compared to a net loss...

News

Key takeaways Network18’s digital news revenue increased by 50% YoY for the second consecutive quarter Consolidated Net Profits grew 125% YoY Network18 Digital saw...

News

Netflix’s two day StreamFest in December 2020—where users in India could practically watch Netflix’s entire catalogue for free—brought millions of users to the service,...

MediaNama is the premier source of information and analysis on Technology Policy in India. More about MediaNama, and contact information, here.

© 2008-2018 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to Daily Newsletter

    © 2008-2018 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ