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Yahoo ad revenues shrink, profit grows on Alibaba stake

2013-07-17 09:20:00| Telecompaper Headlines

(Telecompaper) Yahoo reported growth in net profit thanks to its 24 percent stake in e-commerce portal Alibaba, but lower revenues in the second quarter, as it struggled to increase advertising turnover. Overall revenue shrank by 7 percent to USD 1.14 billion from USD 1.22 billion in the second quarter of 2012. Income from operations soared 150 percent to USD 137 million from USD 55 million, and net earnings per diluted share were 68 percent higher at USD 0.30 in the latest quarter, compared to USD 0.18 a year earlier. CEO Marissa Mayer said she was encouraged by Yahoo's second quarter performance. Yahoo expects to report USD 1.06 billion to USD 1.1 billion of revenue excluding traffic acquisition costs in the current quarter and USD 4.45 billion to USD 4.55 billion in the full year. Non-GAAP operating income USD 165 million to USD 185 million and USD 900 million to USD 1 billion, respectively.

Tags: yahoo profit revenues alibaba

 

One Year Later, CEO Mayer Touts 'Super-Charged' Yahoo

2013-07-17 02:38:21| PC Magazine Software Product Guide

Yahoo is "deep into" an effort to improve its products and traffic, Yahoo CEO Marissa Mayer said during a Tuesday earnings call, which saw lower-than-expected revenue for the second quarter.

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Yahoo Q2 net up 46% as costs drop sharply

2013-07-17 02:00:00| Total Telecom industry news

Internet comapny posts earnings of $331.2 million, or 30 cents per share.

Tags: net yahoo costs drop

 

At Yahoo, style over substance and the style was, well -- weird

2013-07-17 01:23:34| CNET News.com

Give Marissa Mayer credit for trying something new but there's a good reason why most quarterly financial conferences don't get televised. [Read more]    

Tags: was well yahoo style

 

Secret Court Moves to Publish Yahoo PRISM Docs

2013-07-16 23:35:31| PC Magazine Security Product Guide

The secretive Foreign Intelligence Surveillance Court (FISC) this week approved a request to declassify documents relating to Yahoo's participation in the National Security Agency's controversial PRISM program.

Tags: yahoo court secret publish

 

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