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…
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