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Yahoo's Q2 Revenue Falls
sem4u




msg:3957141
 8:11 am on Jul 22, 2009 (gmt 0)

Internet search engine Yahoo has seen revenues in the quarter to 30 June fall 13%, citing the challenging economic environment.

Revenues for the three-month period dropped to $1.57bn (£953m) from $1.79bn in the same period a year earlier.

Meanwhile profit for the quarter edged up to $141m from $131.

[news.bbc.co.uk...]

 

engine




msg:3957419
 4:48 pm on Jul 22, 2009 (gmt 0)

Bartz likes Bing [blogs.zdnet.com]
he great thaw between Microsoft and Yahoo is underway and may signal that the two sides are nudging closer together on a search deal after all.

CEO Carol Bartz
I actually think Bing is a good product. I think they’ve done a good job, but unfortunately they are only a month into it. I think Microsoft should be given kudos for Bing.

skibum




msg:3957560
 8:00 pm on Jul 22, 2009 (gmt 0)

Would have expected them to come in closer to flat revenues. Guess edging down in search and dropping display rates are taking a toll.

grelmar




msg:3957699
 10:49 pm on Jul 22, 2009 (gmt 0)

Revenue down 12.3%, actually (given the above figures)

Profit up 7.1%

Profit as share of revenue:

Up from 7.3% to 8.9%...

Bartz is running a damned tight ship... Yahoo might survive on it's own after all.

IanKelley




msg:3958621
 5:45 am on Jul 24, 2009 (gmt 0)

Was there ever a doubt? The value of Yahoo never changed significantly in terms of quantity of users and stickiness. They were, and remain, the internet's number one portal. Various sub portals and services of theirs take the number one spot as well.

Also, depending on whose numbers you look at, they are either the number two or number three most visited website on the internet overall.

But yeah they're a doomed company :-)

All that doubt a while back was reactionary hype. The only real question was whether Yahoo itself would buy the hype and self destruct.

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