Mobile Tech Today

CIO Today Network Sites:   Top Tech News  |   CIO Today   |   Mobile Tech Today   |   Data Storage Today
News & Product Reviews for Mobile Tech Users
APC Free White Paper
Optimize your network investment &
Enter to win a Samsung Galaxy Note

www.apc.com
Thursday, April 17th 
24/7/365 Network Uptime!
Trending Topics:   Security Heartbleed Big Data Cloud Computing Windows XP Data Centers OS X Mavericks
Home
Laptops & Tablets
Mobile Phones
Mobile Gadgets
Mobile Apps
BYOD & MDM
iPad
Mobile Industry News
Wireless Connectivity
Wireless Security
GPS & Maps
MTT Press Releases
 
Free Newsletters
Top CIO News
 
Mobile Tech Today
 

World Wide Web

Yahoo's Results Dragged Down by Revenue Drop

Yahoo
January 30, 2014 9:43AM

Bookmark and Share
While Yahoo CEO Marissa Mayer Mayer hailed product improvements that have helped attracted more traffic to Yahoo's services, investors focused on a drop in revenue seen in the fourth quarter numbers that underscored the difficulty that the company is having competing for online advertising against Google, Facebook and other rivals.

Neustar, Inc. (NYSE: NSR) is a trusted, neutral provider of real-time information and analysis to the Internet, telecommunications, information services, financial services, retail, media and advertising sectors. Neustar applies its advanced, secure technologies in location, identification, and evaluation to help its customers promote and protect their businesses. More information is available at www.neustar.biz.

Yahoo CEO Marissa Mayer insists the long-stumbling Internet company has finally regained its stride, even though its revenue is still stuck in reverse.

The latest evidence of the challenges facing Mayer emerged Tuesday with the release of Yahoo's fourth-quarter results.

While Mayer hailed product improvements that have helped attracted more traffic to Yahoo's services, investors focused on a drop in revenue that underscored the difficulty that the company is having competing for online advertising against Google Inc., Facebook Inc. and other rivals.

Yahoo Inc. had hoped to shift the financial tide when it lured Mayer away from a top job at Google 18 months ago.

Mayer, 38, has succeeded in creating a bigger buzz around Yahoo with her panache and a series of acquisitions aimed primarily at the mobile device market. But the signs of a sustainable turnaround remain elusive. She has repeatedly said it may take several years for Yahoo's ad sales to surge, though on Tuesday she promised a "modest acceleration" in revenue growth during the second half of this year.

Revenue dropped 6 percent in the fourth quarter, the same rate of decline experienced for all of 2013.

Yahoo's earnings have been steadily rising under Mayer's leadership because of cost-cutting measures and lucrative investments in two Asian Internet companies: China's Alibaba Group and Yahoo Japan. Both investments were made before Mayer's arrival. The income from those two investments accounted for nearly two-thirds of the company's earnings during the final three months of last year.

Yahoo Inc., based in Sunnyvale, California, earned $348 million, or 33 cents per share, a 28 percent increase from $272 million, or 23 cents per share, a year earlier.

Excluding certain one-time items, Yahoo earned 46 cents per share. That figured topped the average estimate of 39 cents per share among analysts surveyed by FactSet.

Revenue fell 6 percent to $1.27 billion. After subtracting commissions paid to Yahoo's ad partners, revenue totaled $1.2 billion, in line with analysts' projections.

Yahoo's 24 percent stake in Alibaba has been particularly valuable because the Chinese company is still growing rapidly as it prepares for an initial public offering of stock. Numbers released Tuesday by Yahoo revealed that Alibaba's revenue surged 51 percent in the third quarter. There is a one-quarter lag between when Alibaba closes its quarter and Yahoo collects its share of Alibaba's earnings.

Alibaba's allure is the main reason Yahoo's stock has more than doubled since Mayer became CEO.

Some of those gains evaporated Tuesday as Yahoo's shares slipped $1.12, or nearly 3 percent, to $37.10 in extended trading after the fourth-quarter numbers came out.

Mayer appears to be getting frustrated, too. Earlier this month, she dismissed Chief Operating Officer Henrique de Castro, who was in charge of the company's advertising. Mayer had enticed him away from Google in late 2012 with a pay package valued at $58 million at the time.

"Ultimately, Henrique was not a fit," Mayer said Tuesday during an online video review of the company's fourth-quarter performance. She added she doesn't plan to replace de Castro in order that she can become more deeply involved Yahoo's ad sales.

© 2014 under contract with NewsEdge. All rights reserved.

Tell Us What You Think
Comment:

Name:



 World Wide Web
1. Google Street View Unravels CAPTCHAs
2. Yahoo COO Gets $58M Parting Gift
3. Teen Arrested for Heartbleed Hack
4. Malware Targets Facebook Users
5. Mt. Gox Is Headed for Liquidation




 Most Popular Articles
1. Will Satya Nadella Launch an Office for iPad?
2. Google Unveils Android Wear for Smart Watches
3. HP Rolls Out New Software-Defined Network Products
4. Smartphone Kill Switch Could Save Users $2.6B a Year
5. Google Glass Finds a Home in Medical Education, Practice


 Related Topics  Latest News & Special Reports

  Google Street View Unravels CAPTCHAs
  Android Gets Chrome Remote Desktop
  Malware Targets Facebook Users
  Intel Reports Lower 1Q Net Income
  Samsung Tech Experts Talk Patents

 Technology Marketplace

Business Intelligence
Get real-time, cloud-based information services with Neustar.
 
Cloud Computing
BMC's I.T. solutions unleash the power of your business
Next Generation Data Center Is Here! Vblock™ Systems from VCE
 
Contact Centers
HP delivers the future of the contact center with HP Qfiniti 10.
 
Data Storage
Next Generation Data Center Is Here! Vblock™ Systems from VCE
Barium Ferrite (BaFe) is the future of tape.
2.5" Enterprise-class SATA & SAS SSDs for server & storage applications
 
Enterprise Hardware
Barium Ferrite (BaFe) is the future of tape.
2.5" Enterprise-class SATA & SAS SSDs for server & storage applications
 
Enterprise I.T.
BMC's I.T. solutions unleash the power of your business
 
Hardware
Protect your network with APC Smart-UPS battery backup
 
Network Security
Protect your network with APC Smart-UPS battery backup
 

Network Security Spotlight
Google's Street View Software Unravels CAPTCHAs
The latest software Google uses for its Street View cars to read street numbers in images for Google Maps works so well that it also solves CAPTCHAs, those puzzles designed to defeat bots.
 
Canadian Teen Arrested for Heartbleed Hack
One week after the OpenSSL Heartbleed vulnerability was unveiled, Canadian authorities have made the first arrest -- a London, Ontario teenager -- connected to exploiting the security hole.
 
IBM Offers Security, Disaster Recovery as SoftLayer Service
New disaster recovery and security services for SoftLayer clients are being added by IBM. Big Blue said the new capabilities will speed cloud adoption by alleviating concern over business continuity.
 

Enterprise Hardware Spotlight
Vaio Fit 11A Battery Danger Forces Recall by Sony
Using a Sony Vaio Fit 11A laptop? It's time to send it back to Sony. In fact, Sony is encouraging people to stop using the laptop after several reports of its Panasonic battery overheating.
 
Continued Drop in Global PC Shipments Slows
Worldwide shipments of PCs fell during the first three months of the year, but the global slump in PC demand may be easing, with a considerable slowdown from last year's drops.
 
Google Glass Finds a Home in Medical Education, Practice
Google Glass may find its first markets in verticals in which hands-free access to data is a boon. Medicine is among the most prominent of those, as seen in a number of Glass experiments under way.
 

Mobile Technology Spotlight
Google Releases Chrome Remote Desktop App for Android
You're out on a sales call, and use your Android mobile device to grab a file you have back at the office on your desktop. That's a bit easier now with Google's Chrome Remote Desktop app for Android.
 
Amazon 3D Smartphone Pics Leaked
E-commerce giant Amazon is reportedly set to launch a smartphone after years of development. Photos of the phone, which may feature a unique 3D interface, were leaked by tech pub BGR.
 
Zebra Tech Buys Motorola Enterprise for $3.45B
Weeks after Lenovo bought Motorola Mobility’s assets from Google for $2.91 billion, Zebra Technologies is throwing down $3.45 billion for Motorola’s Enterprise business in an all-cash deal.
 

Navigation
Mobile Tech Today
Home/Top News | Laptops & Tablets | Mobile Phones | Mobile Gadgets | Mobile Apps | BYOD & MDM | iPad
Mobile Industry News | Wireless Connectivity | Wireless Security | GPS & Maps | MTT Press Releases
Also visit these Enterprise Technology Sites
Top Tech News | CIO Today | Mobile Tech Today | Data Storage Today

Services:
FreeNewsFeed | Free Newsletters | XML/RSS Feed

About CIO Today Network | How To Contact Us | Article Reprints | Services for PR Pros (In partnership with NewsFactor) | Top Tech Wire | How To Advertise

Privacy Policy | Terms of Service
© Copyright 2000-2014 Mobile Tech Today. All rights reserved. Article rating technology by Blogowogo. Member of Accuserve Ad Network.