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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…

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