Feeds

Yahoo! wows Wall Street with revenue drop

Only 4% down. Well done

Beginner's guide to SSL certificates

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. ®

Beginner's guide to SSL certificates

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
Happiness economics is bollocks. Oh, UK.gov just adopted it? Er ...
Opportunity doesn't knock; it costs us instead
YARR! Pirates walk the plank: DMCA magnets sink in Google results
Spaffing copyrighted stuff over the web? No search ranking for you
In the next four weeks, 100 people will decide the future of the web
While America tucks into Thanksgiving turkey, the world will be taking over the net
Microsoft EU warns: If you have ties to the US, Feds can get your data
European corps can't afford to get complacent while American Big Biz battles Uncle Sam
Don't bother telling people if you lose their data, say Euro bods
You read that right – with the proviso that it's encrypted
prev story

Whitepapers

Choosing cloud Backup services
Demystify how you can address your data protection needs in your small- to medium-sized business and select the best online backup service to meet your needs.
Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.
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.
Storage capacity and performance optimization at Mizuno USA
Mizuno USA turn to Tegile storage technology to solve both their SAN and backup issues.