Feeds

Yahoo! revenues! continue! to! decline!

New CEO faces a mountain to climb

High performance access to file storage

Yahoo! has released disappointing results for its fourth quarter, with earnings down 5 per cent and revenues falling a further 13 points.

Revenues excluding traffic acquisition costs (TAC) fell three per cent to $1.17bn, compared to $1.21bn this time last year, although income from operations did increase by 10 per cent to $242m. The results were below analyst’s estimates for the company, but the stock price held relatively steady in early after-hours trading, dropping only a percentage point or so.

"Yahoo! continued to make progress in the quarter with operating income increasing ten percent year over year," said Scott Thompson, the new Yahoo! CEO in a statement. "In 2012 we will be aligning resources behind key areas of focus to enable us to move aggressively in market and grow our business, bringing innovative new products and experiences to both our users and advertisers."

Yahoo! reported receiving $48m from Redmond, part of its deal with Microsoft to split the search business they both run via the Bing engine. Yahoo expects these payments to decline as it shifts to Microsoft’s search technology.

In its outlook statement, Yahoo! predicted revenue excluding TAC would fall further, to between $1.03bn and $1.11bn. ®

High performance access to file storage

More from The Register

next story
Audio fans, prepare yourself for the Second Coming ... of Blu-ray
High Fidelity Pure Audio – is this what your ears have been waiting for?
Dropbox defends fantastically badly timed Condoleezza Rice appointment
'Nothing is going to change with Dr. Rice's appointment,' file sharer promises
Nokia offers 'voluntary retirement' to 6,000+ Indian employees
India's 'predictability and stability' cited as mobe-maker's tax payment deadline nears
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
It may be ILLEGAL to run Heartbleed health checks – IT lawyer
Do the right thing, earn up to 10 years in clink
France bans managers from contacting workers outside business hours
«Email? Mais non ... il est plus tard que six heures du soir!»
Adrian Mole author Sue Townsend dies at 68
RIP Blighty's best-selling author of the 1980s
Zucker punched: Google gobbles Facebook-wooed Titan Aerospace
Up, up and away in my beautiful balloon flying broadband-bot
Analysts: Bright future for smartphones, tablets, wearables
There's plenty of good money to be made if you stay out of the PC market
prev story

Whitepapers

Mainstay ROI - Does application security pay?
In this whitepaper learn how you and your enterprise might benefit from better software security.
Five 3D headsets to be won!
We were so impressed by the Durovis Dive headset we’ve asked the company to give some away to Reg readers.
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.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Mobile application security study
Download this report to see the alarming realities regarding the sheer number of applications vulnerable to attack, as well as the most common and easily addressable vulnerability errors.