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…
- Protecting Personal Data: Where Grievance Redressal Falls Short December 9, 2022
- Latest developments in the ransomware attack on AIIMS-Delhi as it partially resumes server facilities December 8, 2022
- EPoS Systems at 5.33 Lakh PDS Shops in India, But No Response by Ministry on Device Failures December 8, 2022
- How does the new data protection bill affect platform gig workers? December 8, 2022
- Indian Govt to Pay Tariff to Telcos for SMS Alerts, Except Under Disaster Management Act December 8, 2022
MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.
The provisions around grievance redressal in the Data Protection Bill "stands to be dangerously sparse and nugatory on various counts."
By Soujanya Sridharan and Dr. Sarayu Natarajan Platform work and data: the intersection Every time you use a ride-hailing app, the matching algorithm processes...
New bill narrows focus over predecessors that went heavy on data sovereignty, localisation and compliance. What explains this change?
The Structure and Style of a Dogma Community: Conspiracy theories and organized Twitter engagement on Sushant Singh Rajput
Studying the 'community' supporting the late Sushant Singh Rajput (SSR) shows how Twitter was gamed through organized engagement
Do we have an enabling system for the National Data Governance Framework Policy (NDGFP) aiming to create a repository of non-personal data?
Please subscribe to MediaNama. Don't share prints and PDFs.
You May Also Like
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...
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...
Twitter takes down tweets from MP, MLA, editor criticising handling of pandemic upon government request
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...