Yahoo! reports flat sales, higher profits in Q1

Nieuws Breedband Wereld 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.

Categories:

Internet

Companies:

Yahoo!

Regions:

Wereld

Tags:

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

Related Articles

WERELD 17 JUL 2012

Yahoo! appoints Google's Mayer as CEO

Yahoo! has appointed Marissa Mayer as its president and CEO and member of the board of directors, effective immediately. Most recently, Mayer was responsible for Local, Maps, and Location Services for Google, the company's suite of local and geographical products including Google Maps, Google Earth, Zagat, Street View, and local search, for desktop and mobile. Mayer joined Google in 1999 as its 20th employee and led efforts for many of Google's most recognizable products, including the development of its fl

WERELD 4 MAY 2012

Yahoo! to review CEO's education records

Yahoo!'s board of directors will review a discrepancy in the educational record of CEO Scott Thompson, a spokesman told Reuters, after hedge fund Third Point accused Thompson of padding his academic credentials. Yahoo! will also make an appropriate disclosure to shareholders when the review is complete, the spokesman said. Third Point's founder and CEO Dan Loeb earlier wrote in a letter to Yahoo's board that Thompson claims to hold a bachelor's degree in accounting and computer science from Stonehill Colleg

WERELD 18 APR 2012

Yahoo! boekt vlakke omzet, meer winst in Q1

Yahoo! heeft in het eerste kwartaal een omzet behaald van 1,221 miljard dollar, 1 procent hoger op jaarbasis. De omzet exclusief TAC (traffic acquisition cost) was 1,077 miljard dollar (+1%). De omzet uit display advertising daalde met 4 procent tot 454 miljoen dollar, terwijl de omzet uit zoekresultaten (exclusief TAC) met 8 procent groeide tot 8 procent. De operationele winst daalde met 11 procent tot 169 miljoen dollar, maar de nettowinst groeide met 28 procent tot 286 miljoen, dankzij hogere bijdragen v

WERELD 17 APR 2012

Yahoo! hires 2 executives to lead consumer commerce business

Yahoo! has hired former PayPal executive, Sam Shrauger and current Yahoo! executive, Mollie Spilman, to co-lead the consumer commerce business unit. Both executives will hold titles of senior vice president, reporting to CEO, Scott Thompson and sit on Thompson's executive leadership team. Under Shrauger and Spilman's leadership, the commerce business will focus on delivering engaging and personalised consumer commerce experiences which will connect consumers to marketers and merchants. Based on Yahoo's unde

WERELD 11 APR 2012

Yahoo! CEO outlines new organisation

Yahoo! CEO Scott Thompson has outlined a new organisational structure for the company. In a memo sent to employees and seen by The Wall Street Journal, Thompson said he was splitting Yahoo! into three main groups: consumer, which oversees the company's media websites as well as its commerce-related, web search and e-mail services; regions, which is accountable for all of Yahoo's revenues and is broken up into Americas, Europe and Asia divisions that work with the company advertising customers; and technolog

WERELD 5 APR 2012

Yahoo! confirms 2,000 job cuts

Yahoo! confirmed plans to cut 2,000 jobs as part of a broader restructuring at the internet company. Yahoo! said the restructuring will focus on developing a quicker response to customer needs and competing more effectively in areas where it has a strong position. The company has identified a group of core businesses where it will intensify efforts and redeploy resources globally. More details on the new strategy will be announced at its first-quarter report on 17 April. Yahoo! expects the restructuring to

WERELD 26 MAR 2012

Yahoo! names new independent board members

Yahoo! announced the appointment of three new independent board members from 05 April. These are John D. Hayes, chief marketing officer of American Express; Peter Liguori, former COO of Discovery Communications and former president of entertainment at Fox Broadcasting Network; and Thomas J. McInerney, the outgoing CFO of IAC/InterActiveCorp. The new appointments come as four board members will step down at the AGM this year. The nominating committee and a professional search firm looked at a number of candi

WERELD 13 MAR 2012

Yahoo! files patent infringement suit against Facebook

Yahoo! filed a lawsuit against Facebook, accusing it of infringing 10 patents tied to an array of web technologies. According to the lawsuit, filed in Federal District Court in San Jose, California, Yahoo contended that Facebook had knowingly and improperly violated some of the company's core intellectual properties, the New York Times reports. The patents, which were issued from 1999 to 2010, cover advertising, privacy, customization, social networking and messaging. Last month, Yahoo warned Facebook that

Just In

19 DEC 16:42

SLT-Mobitel launches 5G network in Sri Lanka

19 DEC 16:19

Dialog Axiata launches 5G network, connects 1.5 million subscribers

19 DEC 15:56

UK govt to ban AI-enabled nudification apps to protect women, girls

19 DEC 15:42

3 UK launches last-minute Christmas sale

Commentary

13:56

Video market set for slower growth ahead

11:38

Netflix buys Warner Bros to deepen content catalogue

11:11

KPN's mixed performance in Q3 raises questions for strategy day

15:26

Stock markets breaking records but what happened to Odido's IPO plans?

Background

01:04

The week in telecom: Wi-Fi bolt-ons take off to boost broadband growth, video market works on consolidation

01:39

The week in telecom: Netflix wins bidding for Warner Bros, Apple poaches new execs, Samsung debuts trifold

13:51

Proximus vs. Telenet: Proximus performs better in Q3 while Telenet uses up cash

14:16

Proximus Domestic still struggling with low margins

Complete profile

Before downloading the whitepaper, we would like to ask you to complete your profile with company and position. After confirming you will receive the white paper.