Feeds

Yahoo! revenues! continue! to! decline!

New CEO faces a mountain to climb

Website security in corporate America

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. ®

Reducing the cost and complexity of web vulnerability management

More from The Register

next story
Hey, Scots. Microsoft's Bing thinks you'll vote NO to independence
World's top Google-finding website calls it for the UK
Phones 4u slips into administration after EE cuts ties with Brit mobe retailer
More than 5,500 jobs could be axed if rescue mission fails
Apple CEO Tim Cook: TV is TERRIBLE and stuck in the 1970s
The iKing thinks telly is far too fiddly and ugly – basically, iTunes
Israeli spies rebel over mass-snooping on innocent Palestinians
'Disciplinary treatment will be sharp and clear' vow spy-chiefs
Huawei ditches new Windows Phone mobe plans, blames poor sales
Giganto mobe firm slams door shut on Microsoft. OH DEAR
Phones 4u website DIES as wounded mobe retailer struggles to stay above water
Founder blames 'ruthless network partners' for implosion
Found inside ISIS terror chap's laptop: CELINE DION tunes
REPORT: Stash of terrorist material found in Syria Dell box
OECD lashes out at tax avoiding globocorps' location-flipping antics
You hear that, Amazon, Google, Microsoft et al?
prev story

Whitepapers

Providing a secure and efficient Helpdesk
A single remote control platform for user support is be key to providing an efficient helpdesk. Retain full control over the way in which screen and keystroke data is transmitted.
Saudi Petroleum chooses Tegile storage solution
A storage solution that addresses company growth and performance for business-critical applications of caseware archive and search along with other key operational systems.
Security and trust: The backbone of doing business over the internet
Explores the current state of website security and the contributions Symantec is making to help organizations protect critical data and build trust with customers.
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.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.