Feeds

Yahoo! revenues! continue! to! decline!

New CEO faces a mountain to climb

Boost IT visibility and business value

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. ®

Build a business case: developing custom apps

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
Mozilla's 'Tiles' ads debut in new Firefox nightlies
You can try turning them off and on again
No, thank you. I will not code for the Caliphate
Some assignments, even the Bongster decline must
Barnes & Noble: Swallow a Samsung Nook tablet, please ... pretty please
Novelslab finally on sale with ($199 - $20) price tag
Banking apps: Handy, can grab all your money... and RIDDLED with coding flaws
Yep, that one place you'd hoped you wouldn't find 'em
TROLL SLAYER Google grabs $1.3 MEEELLION in patent counter-suit
Chocolate Factory hits back at firm for suing customers
Primetime precrime? Minority Report TV series 'being developed'
I have to know. I have to find out what happened to my life
Netflix swallows yet another bitter pill, inks peering deal with TWC
Net neutrality crusader once again pays up for priority access
prev story

Whitepapers

Top 10 endpoint backup mistakes
Avoid the ten endpoint backup mistakes to ensure that your critical corporate data is protected and end user productivity is improved.
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 distributed data
Eliminating the redundant use of bandwidth and storage capacity and application consolidation in the modern data center.
The essential guide to IT transformation
ServiceNow discusses three IT transformations that can help CIOs automate IT services to transform IT and the enterprise
Next gen security for virtualised datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.