Yahoo! reports flat sales, higher profits in Q1

News Broadband Global 18 APR 2012
Yahoo! reports flat sales, higher profits in Q1
Yahoo! reported first-quarter revenues of USD 1.221 billion, up 1 percent from a year earlier. Excluding traffic acquisition costs (ex-TAC), revenue was USD 1.077 billion, also up 1 percent year-on-year. Display revenue ex-TAC fell 4 percent to USD 454 million, while search revenue ex-TAC rose 8 percent to USD 384 million. Operating profit fell 11 percent to USD 169 million, but net profit rose 28 percent to USD 286 million, helped by a higher contribution from the Asian associates such as Alibaba. EPS improved 38 percent to USD 0.23. CEO SCott Thompson said the results were ahead of Yahoo!'s guidance and the market's expectations. Yahoo! improved free cash flow by 247 percent to USD 196 million for the quarter, and finished March with total cash of USD 2.652 billion. The company forecast second-quarter revenue ex-TAC of USD 1.03-1.14 billion and operating profit of USD 115-195 million. The outlook excludes any extra costs for its recently announced restructuring.

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Internet

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Yahoo!

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Global

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Messaging, Financial figures, Portals / social media, Advertising services

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