Feeds

Yahoo! revenue! AND! profits! bomb! as! expected!

Empty CEO seat has whoopee cushion appeal

The Essential Guide to IT Transformation

Yahoo! surprised no one yesterday when it reported its third quarter results to Wall Street.

The company, which is searching for a replacement CEO following Carol Bartz's undignified sacking in September, said its Q3 net income hit $293m, or 23 cents a share.

But that's down 26 per cent on the same period a year earlier, when the lumbering internet outfit pulled in profit of $396m.

Yahoo! saw revenue drop 24 per cent for the quarter ended 30 September 2011. It reported total sales, excluding traffic acquisition costs (TAC) paid to partner websites, of $1.07bn compared with $1.12bn in the company's 2010 Q3.

The NYSE responded positively to the results, with a 2.7 per cent uptick in shares to $15.98 during after-hours trading.

"In order to create more financial certainty, Microsoft and Yahoo! recently agreed to extend the RPS [revenue per search] Guarantee in the US and Canada through March 2013," the company confirmed in its Q3 results statement.

"Microsoft and Yahoo! remain fully committed to the success of the Search Alliance, and the RPS Guarantee extension represents an important sign of that commitment."

Recently it has been reported that Microsoft has been among a number of potential suitors looking to buy Yahoo!. MS boss Steve Ballmer did little to reject that suggestion yesterday when he praised the Sunnyvale, California-based firm for having one of the most engaged audiences online.

Indeed, the company's Q3 results revealed a 9 per cent climb in page views on Yahoo!'s media estate for the period. ®

Boost IT visibility and business value

More from The Register

next story
BBC goes offline in MASSIVE COCKUP: Stephen Fry partly muzzled
Auntie tight-lipped as major outage rolls on
iPad? More like iFAD: We reveal why Apple fell into IBM's arms
But never fear fanbois, you're still lapping up iPhones, Macs
Sonos AXES support for Apple's iOS4 and 5
Want to use your iThing? You can't - it's too old
Stick a 4K in them: Super high-res TVs are DONE
4,000 pixels is niche now... Don't say we didn't warn you
Philip K Dick 'Nazi alternate reality' story to be made into TV series
Amazon Studios, Ridley Scott firm to produce The Man in the High Castle
There's NOTHING on TV in Europe – American video DOMINATES
Even France's mega subsidies don't stop US content onslaught
You! Pirate! Stop pirating, or we shall admonish you politely. Repeatedly, if necessary
And we shall go about telling people you smell. No, not really
Too many IT conferences to cover? MICROSOFT to the RESCUE!
Yet more word of cuts emerges from Redmond
Joe Average isn't worth $10 a year to Mark Zuckerberg
The Social Network deflates the PC resurgence with mobile-only usage prediction
prev story

Whitepapers

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.
The Essential Guide to IT Transformation
ServiceNow discusses three IT transformations that can help CIO's automate IT services to transform IT and the enterprise.
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.
How modern custom applications can spur business growth
Learn how to create, deploy and manage custom applications without consuming or expanding the need for scarce, expensive IT resources.
Build a business case: developing custom apps
Learn how to maximize the value of custom applications by accelerating and simplifying their development.