Feeds

Yahoo! not! satisfied! with! Q3!

Sets sail under Panama flag

The essential guide to IT transformation

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. ®

Next gen security for virtualised datacentres

More from The Register

next story
6 Obvious Reasons Why Facebook Will Ban This Article (Thank God)
Clampdown on clickbait ... and El Reg is OK with this
No, thank you. I will not code for the Caliphate
Some assignments, even the Bongster decline must
Kaspersky backpedals on 'done nothing wrong, nothing to fear' blather
Founder (and internet passport fan) now says privacy is precious
TROLL SLAYER Google grabs $1.3 MEEELLION in patent counter-suit
Chocolate Factory hits back at firm for suing customers
Mozilla's 'Tiles' ads debut in new Firefox nightlies
You can try turning them off and on again
Facebook to let stalkers unearth buried posts with mobe search
Prepare to HAUNT your pal's back catalogue
Sit tight, fanbois. Apple's '$400' wearable release slips into early 2015
Sources: time to put in plenty of clock-watching for' iWatch
prev story

Whitepapers

5 things you didn’t know about cloud backup
IT departments are embracing cloud backup, but there’s a lot you need to know before choosing a service provider. Learn all the critical things you need to know.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Backing up Big Data
Solving backup challenges and “protect everything from everywhere,” as we move into the era of big data management and the adoption of BYOD.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?