Feeds

Yahoo! numbers! chill! investors!

Steady growth isn't enough

  • alert
  • submit to reddit

Security for virtualized datacentres

Yahoo!'s stock sank 10 per cent after it posted Q2 numbers today. The company earned $1.3bn in the quarter ending in June, Q2 FY2005, a 51 per cent increase year-on-year.

After advertising affiliate fees (or "traffic acquisition costs") of $485m, and operating expenses of $505m are deducted, Yahoo! earned $261m from operations.

Yahoo! booked an operating profit of $368m.

Yes, the internet pioneer is something of an accounting pioneer too, using cut-up techniques apparently borrowed from Brion Gysin to obfuscate its numbers. Footnotes are jammed between terms as "gross profit" and "net revenue". The company also disclosed a whopping one-time windfall of $563m from the sale of an investment, but wouldn't tell us what it was.

We can't be the only people having trouble reading. Reuters first headline triumphed, "Yahoo profit up, online advertising grows", but within an hour a second update had been issued, and this time the headline read "Yahoo revenue disappoints, shares drop".

Page views on Yahoo! properties dipped 3 per cent from the pervious quarter. Yahoo! added 7 million unique users in Q2, two per cent up, from the previous quarter, and the company continues to grow at a pace. Yahoo! employed 8,780 staff at the end of June, adding a net 700 jobs.

Analysts expressed concern about a slow down in advertising growth, and the stock sank to $34.44 in after-hours trading. ®

Related stories

Yahoo! growth! slows!
Yahoo! chief! scientist! joins! Microsoft!
Google and Yahoo! accused of click fraud collusion
Ad confidence spurs Yahoo!

.

Secure remote control for conventional and virtual desktops

More from The Register

next story
Brit telcos warn Scots that voting Yes could lead to HEFTY bills
BT and Co: Independence vote likely to mean 'increased costs'
Phones 4u slips into administration after EE cuts ties with Brit mobe retailer
More than 5,500 jobs could be axed if rescue mission fails
Radio hams can encrypt, in emergencies, says Ofcom
Consultation promises new spectrum and hints at relaxed licence conditions
Blockbuster book lays out the first 20 years of the Smartphone Wars
Symbian's David Wood bares all. Not for the faint hearted
'Serious flaws in the Vertigan report' says broadband boffin
Report 'fails reality test' , is 'simply wrong' and offers ''convenient' justification for FTTN says Rod Tucker
This flashlight app requires: Your contacts list, identity, access to your camera...
Who us, dodgy? Vast majority of mobile apps fail privacy test
Apple Watch will CONQUER smartwatch world – analysts
After Applelocalypse, other wristputers will get stuck in
prev story

Whitepapers

Providing a secure and efficient Helpdesk
A single remote control platform for user support is be key to providing an efficient helpdesk. Retain full control over the way in which screen and keystroke data is transmitted.
Top 5 reasons to deploy VMware with Tegile
Data demand and the rise of virtualization is challenging IT teams to deliver storage performance, scalability and capacity that can keep up, while maximizing efficiency.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.
Secure remote control for conventional and virtual desktops
Balancing user privacy and privileged access, in accordance with compliance frameworks and legislation. Evaluating any potential remote control choice.