Feeds

Yahoo! wows Wall Street with revenue drop

Only 4% down. Well done

Security for virtualized datacentres

Yahoo!'s revenues took another fall during the fourth quarter - that's the fifth tumble in a row - but they didn't fall quite as much as expected.

The beleaguered web portal reported revenues of $1.73bn during Q4, a 4 per cent drop from a year ago. But that's up 10 per cent from Q3, and it beat the expectations of both the Wall Street guessmen and the company itself.

Yahoo!'s Q4 "guidance" had predicted revenues no higher than $1.7bn, and if you subtract traffic-acquisition costs, adjusted fourth-quarter revenues came in at $1.26bn, besting the $1.23bn predication from all those Wall Street analysts.

"The fourth quarter marked a strong finish for 2009, which was a transformative year for Yahoo!," CEO Carol Bartz said in a canned statement. She also pointed out that the company's search revenue grew sequentially for the first time since Q3 2008, and she said that demand for display ads has "improved significantly."

Nonetheless, Yahoo!'s quarter contrasts starkly with that of onetime arch-rival Google. Earlier this week, the Mountain View Chocolate Factory reported a 17 per cent leap in revenues over the previous year, as the economy continues to rebound from the depths of the middle of last year.

Despite its revenue drop, Yahoo! managed $153m in profits, compared to a $303m loss a year ago. That's what some post-Jerry Yang belt-tightening can do for you. Bartz replaced Yang as CEO in January 2009.

During Bartz's first year, Yahoo! took in $6.5bn in revenue, a 10 per cent drop from the previous year. But 2009 profits reached $598m, a 43 per cent increase. Belt-tightening indeed. ®

Providing a secure and efficient Helpdesk

More from The Register

next story
Facebook pays INFINITELY MORE UK corp tax than in 2012
Thanks for the £3k, Zuck. Doh! you're IN CREDIT. Guess not
Facebook, Apple: LADIES! Why not FREEZE your EGGS? It's on the company!
No biological clockwatching when you work in Silicon Valley
Happiness economics is bollocks. Oh, UK.gov just adopted it? Er ...
Opportunity doesn't knock; it costs us instead
Sysadmin with EBOLA? Gartner's issued advice to debug your biz
Start hoarding cleaning supplies, analyst firm says, and assume your team will scatter
YARR! Pirates walk the plank: DMCA magnets sink in Google results
Spaffing copyrighted stuff over the web? No search ranking for you
Don't bother telling people if you lose their data, say Euro bods
You read that right – with the proviso that it's encrypted
Apple SILENCES Bose, YANKS headphones from stores
The, er, Beats go on after noise-cancelling spat
prev story

Whitepapers

Cloud and hybrid-cloud data protection for VMware
Learn how quick and easy it is to configure backups and perform restores for VMware environments.
A strategic approach to identity relationship management
ForgeRock commissioned Forrester to evaluate companies’ IAM practices and requirements when it comes to customer-facing scenarios versus employee-facing ones.
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?
Three 1TB solid state scorchers up for grabs
Big SSDs can be expensive but think big and think free because you could be the lucky winner of one of three 1TB Samsung SSD 840 EVO drives that we’re giving away worth over £300 apiece.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.