Feeds

Yahoo! not! satisfied! with! Q3!

Sets sail under Panama flag

Top three mobile application threats

Yahoo! today pumped out its Q3s and promptly said it was "not satisfied" with its performance. $158.5m net income (Q3 05: $253.7m) on $1.121bn net revenues, 20 per cent higher than Q3 '05.

Revenues with traffic acquisition costs - We assume that the commission paid to Overture advertising partners accounts for most of this - was $1.58bn, 19 per cent up on last year.

Yahoo! notes that without the $80m expensed to "stock compensation", net income would have been $235m. But this is playing accounting counterfactuals - the fact is it did expense $80m for options in the quarter.

Yahoo! has already let its investors down gently, warning them last month a slow-down in growth in auto and financial advertising meant that it would come in at the bottom end of its previous revenue guidance of $1.15bn- $1.225bn for the quarter.

The company today announced a $3bn stock buyback program, to run over five years.

And now for a word from Terry Semel, Yahoo! CEO, who says the company is "excited about the roll-out of our new Project Panama advertising platform". Yahoo! needs Panama to claw back some of Google's huge lead in paid search, a market that its subsidiary Overture invented. Semel furnished no details, but it appears to have gone live today: the company has been more forthcoming with Search Engine Watch, which runs through the software here.

The company today bought a rich media advertising technology company called AdInterax. Terms are undisclosed. And it has pumped in some money into a $45m investment round at Right Media, a NY owner of exchange for buying and sell excess online advertising inventory. Yahoo! gets a 20 per cent stake and a seat on the board. ®

3 Big data security analytics techniques

More from The Register

next story
Dropbox defends fantastically badly timed Condoleezza Rice appointment
'Nothing is going to change with Dr. Rice's appointment,' file sharer promises
Audio fans, prepare yourself for the Second Coming ... of Blu-ray
High Fidelity Pure Audio – is this what your ears have been waiting for?
Record labels sue Pandora over vintage song royalties
Companies want payout on recordings made before 1972
Zucker punched: Google gobbles Facebook-wooed Titan Aerospace
Up, up and away in my beautiful balloon flying broadband-bot
Ex–Apple CEO John Sculley: Ousting Steve Jobs 'was a mistake'
Twenty-nine years later, post-Pepsi exec has flat-forehead moment
Apple DOMINATES the Valley, rakes in more profit than Google, HP, Intel, Cisco COMBINED
Cook & Co. also pay more taxes than those four worthies PLUS eBay and Oracle
Number crunching suggests Yahoo! US is worth less than nothing
China and Japan holdings worth more than entire company
prev story

Whitepapers

SANS - Survey on application security programs
In this whitepaper learn about the state of application security programs and practices of 488 surveyed respondents, and discover how mature and effective these programs are.
Combat fraud and increase customer satisfaction
Based on their experience using HP ArcSight Enterprise Security Manager for IT security operations, Finansbank moved to HP ArcSight ESM for fraud management.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Top three mobile application threats
Learn about three of the top mobile application security threats facing businesses today and recommendations on how to mitigate the risk.
3 Big data security analytics techniques
Applying these Big Data security analytics techniques can help you make your business safer by detecting attacks early, before significant damage is done.