|Yahoo Q1 Revenues of $1.58 billion|
Yahoo Q1 Revenues of $1.58 billion [reuters.com]
|In the first full quarter under Bartz's leadership, Yahoo generated revenue of $1.58 billion, down 13 percent from the year-ago period. |
Excluding traffic acquisition costs (TAC), Yahoo's revenue was $1.16 billion, compared with the average analyst expectation of $1.2 billion, according to Reuters Estimates.
The Sunnyvale, California-based company reported a net profit in the first quarter of $118 million, or 8 cents a share -- down from $537 million, or 37 cents a share, a year earlier. Wall Street analysts, on average, had forecast earnings at 8 cents a share, according to Reuters Estimates.
Chief Financial Officer Blake Jorgensen told Reuters there were "still very dark clouds on the horizon" for the economy.
Aren't they supposed to be dying, or something? This kinda goes against the narrative.
Its a popular opinion that Yahoo is dying, but I always thought this was anti-hype.
Yahoo is doing quite well, and I personally feel that if they can keep improving and consolidate their services, they will always be around.
I love the stuff coming out of the Yahoo labs and it shows they aren't sleeping...just waiting for a bit of a crumble. Apparentely it's not the nicest place to work though.
|Aren't they supposed to be dying, or something? This kinda goes against the narrative. |
well, going from earning 32 cents a share to 8 cents a share is a 78% drop;
google showed a 6% increase in revenue from a year earlier:
goog reported $4.49 earnings per share up from $4.12 eps a year earlier:
don't know if they're dying, but it's safe to say, yahoo! is definitely not the killer
[edited by: nealrodriguez at 2:19 pm (utc) on April 22, 2009]
I know so few people that use Yahoo, (except for those that didnt realize they were installing a Yahoo search bar)and traffic is nil from Y accross dozens of sites, for quite a while.
I guess this is mostly from their pay per view they make from the ads in ymail ?
I get quite a lot of traffic from Yahoo on a variety of sites, so I must disagree that nobody is using them. My wife won't use anything else.
While most people obviously use Google, there is still a decent percentage that uses Yahoo. And, frankly, Yahoo beats Google hands down when it comes to services on handhelds and cell phones.
My wife is a realtor, and uses her Verizon Trio to update her Yahoo calender, read her Yahoo email, check the weather, etc. Google offers very little of that.
Yahoo, just like Google, had to fire thousands to maintain profitability.
I'm sure all the unemployed from both companies that made all these massive profits possible are pleased that they did their part to keep that fake Wall Street magic alive.
If profits continue to fall at that rate then it's the end for Yahoo within three years. Or have I missed something? How come some posters see a positive in the results?
"google showed a 6% increase in revenue from a year earlier:"
I am surprised to know this...