Feeds

Yahoo! treads! water! in! slow! third! quarter!

Sweetens up shareholders with $4bn bonus

  • alert
  • submit to reddit

Top 5 reasons to deploy VMware with Tegile

In her first full quarterly results since taking the helm of the good ship Yahoo! Marissa Meyer reported it was steady as she goes, with revenues and operations results bobbing up or down only a percentage point or two.

"Yahoo! had a solid third quarter, and we are encouraged by the stabilization in search and display revenue," said Mayer in a statement. "We're taking important steps to position Yahoo! for long-term success, and we're confident that our focus on quality and improving the user experience will drive increased value for our advertisers, partners and shareholders."

The company reports GAAP revenue of $1.2bm, down 1 per cent on this time last year, but with revenue excluding traffic acquisition costs up 2 per cent. GAAP income from operations fell 14 per cent, indicating that there's still a way to go in getting Yahoo! back up and running. Search revenues are up 11 per cent.

Shareholders will be getting over $4bn in benefits, with a payoff from the resale of stock to Alibaba netting them $3.6bn and Yahoo spending another $646m in share repurchasing. This should keep them sweet while Meyer whips her new crew into shape.

Most of the major management positions have changed hands since Mayer took over, and she's got stormy water ahead. On Monday afternoon she'll host an analyst's call to explain how to navigate the company towards Isles of Plenty. ®

Beginner's guide to SSL certificates

More from The Register

next story
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
Driving with an Apple Watch could land you with a £100 FINE
Bad news for tech-addicted fanbois behind the wheel
Phones 4u website DIES as wounded mobe retailer struggles to stay above water
Founder blames 'ruthless network partners' for implosion
Radio hams can encrypt, in emergencies, says Ofcom
Consultation promises new spectrum and hints at relaxed licence conditions
Special pleading against mass surveillance won't help anyone
Protecting journalists alone won't protect their sources
Big Content Australia just blew a big hole in its credibility
AHEDA's research on average content prices did not expose methodology, so appears less than rigourous
Vodafone to buy 140 Phones 4u stores from stricken retailer
887 jobs 'preserved' in the process, says administrator PwC
prev story

Whitepapers

Secure remote control for conventional and virtual desktops
Balancing user privacy and privileged access, in accordance with compliance frameworks and legislation. Evaluating any potential remote control choice.
Intelligent flash storage arrays
Tegile Intelligent Storage Arrays with IntelliFlash helps IT boost storage utilization and effciency while delivering unmatched storage savings and performance.
WIN a very cool portable ZX Spectrum
Win a one-off portable Spectrum built by legendary hardware hacker Ben Heck
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Beginner's guide to SSL certificates
De-mystify the technology involved and give you the information you need to make the best decision when considering your online security options.