|Yahoo Q1 Revenues $1,597Million|
| 5:55 pm on Apr 21, 2010 (gmt 0)|
|Revenues were $1,597 million for the first quarter of 2010, a 1 percent increase from the first quarter of 2009. Income from operations for the first quarter of 2010 was $188 million, compared to $101 million in the first quarter of 2009. |
“We had a good quarter, delivering income from operations higher than our outlook,” said Yahoo! Chief Executive Officer Carol Bartz. “Thanks to our efforts, our search share has stabilized, and we grew display advertising by 20% year over year. More importantly, guaranteed display grew by 24% as advertisers took advantage of the science, art and scale that only Yahoo! can offer.”
Under our Search and Advertising Services and Sales Agreement with Microsoft Corporation, Microsoft agreed to reimburse Yahoo! for the cost of operating our algorithmic and paid search services following commencement of performance under the agreement (until the services are fully transitioned to Microsoft). Microsoft separately
agreed to reimburse Yahoo! for transition costs up to an aggregate total of $150 million. Yahoo!’s results for the three months ended March 31, 2010 reflect $78 million in net reimbursements from Microsoft, including $43 million for net transition cost reimbursements and $35 million for search operating cost reimbursements.
Link To PDF [files.shareholder.com...]
| 2:50 am on Apr 22, 2010 (gmt 0)|
I'm glad Yahoo! is finally showing some stickem.
I'm actually more impressed with the fact that Yahoo! climbed back up into 2nd spot ahead of Bing in terms of traffic sent to my website over the past 30 days.
| 4:45 pm on Apr 22, 2010 (gmt 0)|
I am glad to see some good news out of them for a change. They had become the underdogs again which naturally causes me to root for them.
| 6:16 pm on Apr 22, 2010 (gmt 0)|
I think Yahoo will continue to do just fine because they treat their YSM advertisers with respect, unlike Google.
| 5:33 pm on Apr 23, 2010 (gmt 0)|
|agreed to reimburse Yahoo! for transition costs up to an aggregate total of $150 million |
|$78 million in net reimbursements from Microsoft |
Does this imply that Yahoo would not be motivated to finish the transition until they have milked the $150M?
And that at least $78 M has been incurred from the last quarter (some more from prior quarter), and this might indicate the time left before they would be more motivated to finish the transition? Sometime this summer perhaps?