wordpress blog stats
Connect with us

Hi, what are you looking for?

, , ,

Yahoo Net Profit Marginally Up; Display & Search Revenues Decline; Operational Highlights

Yahoo has reported a net profit of $295.57 million for the quarter ending December 31st 2011, marginally up from $293.29  reported during the corresponding period last year. Year-on-year, revenues for Yahoo were down 3% at $1.169 billion, from $1.205 billion.  Note that this does not include revenue from traffic acquisition costs or TAC. Yearly: Revenue ex-TAC was $4,381 million for the full year ended December 31, 2011, a 5% decrease from the same period of 2010. The year over year decrease was primarily due to the revenue share related to the Search Agreement with Microsoft. Income from operations increased 4% to $800 million for the full year ended December 31, 2011, compared to $773 million for the same period of 2010. Future Outlook: Yahoo expects revenue for the first quarter of 2012 to be between $1.025-1.105 billion, and profit to be around $105-155 million. From the new CEO: Yahoo's newly appointed CEO Scott Thompson said "In 2012 we will be aligning resources behind key areas of focus to enable us to move aggressively in market and grow our business, bringing innovative new products and experiences to both our users and advertisers." "We're going to work not just at scale, but with speed. We will focus on generating real, sustainable growth and value creation. " We have to get great, innovative products that matter into the market, absorb feedback quickly from our customers and grab those products constantly," he added. On the nature of Yahoo's business Thompson clarified that Yahoo! was fundamentally both a media company and a…

Please subscribe/login to read the full story.
Written By

Free Reads

News

The service from the tie-up will initally be launched at Bengaluru, Bhubaneswar, Vijayawada and Visakhapatnam railway stations

News

The Minister's response came after an X user posted answers generated by Gemini regarding Prime Minister Narendra Modi.

News

Vaishnaw said that in the next five years, there will be significant disruptions in the way telecom technology operates.

MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.

Views

News

Notably, Indus Appstore will allow app developers to use third-party billing systems for in-app billing without having to pay any commission to Indus, a...

News

The existing commission-based model, which companies like Uber and Ola have used for a long time and still stick to, has received criticism from...

News

Factors like Indus not charging developers any commission for in-app payments and antitrust orders issued by India's competition regulator against Google could contribute to...

News

Is open-sourcing of AI, and the use cases that come with it, a good starting point to discuss the responsibility and liability of AI?...

News

RBI Deputy Governor Rabi Shankar called for self-regulation in the fintech sector, but here's why we disagree with his stance.

You May Also Like

News

Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...

Advert

135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...

News

By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...

News

Rajesh Kumar* doesn’t have many enemies in life. But, Uber, for which he drives a cab everyday, is starting to look like one, he...

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

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to our daily newsletter
Name:*
Your email address:*
*
Please enter all required fields Click to hide
Correct invalid entries Click to hide

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ