Yahoo Posts Q3 Revenue $1,786 million

[engine]

Yahoo Posts Q3 Revenue $1,786 million [biz.yahoo.com]

“As economic conditions and on-line advertising softened in the third quarter, we remained highly focused on our 2008 strategy to invest in initiatives that enhance not only our long term competitiveness, but also our ability to deliver for users and advertisers even in this more difficult climate. We have been disciplined about balancing investments with cost management all year, and have now set in motion initiatives to reduce costs and enhance productivity,” said Jerry Yang, co-founder and chief executive officer, Yahoo! Inc. “The steps we are taking this quarter should deliver both near-term benefits to operating cash flow, and substantially enhance the nimbleness and flexibility with which we compete over the long term. We enter this slowing market with competitive advantages as the destination of choice for consumers and as a leader in providing online advertisers with the broadest set of advertising management tools and products in the industry. We plan to continue building on those strengths.”

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NY Times [nytimes.com]

Yahoo said that its net income for the quarter fell 64 percent, to $54 million, or 4 cents a share, from $151 million, or 11 cents a share, a year earlier. Excluding the cost of stock options and other items, income was $123 million, or 9 cents a share, compared with 11 cents a share a year ago.

[trinorthlighting]

I bet all the investors who voted against selling yahoo to microsoft are really sorry now. They had a deal and blew it. Time for a CEO change.

[rise2it]

What do 15 THOUSAND employees do there? The directory is dead, the PPC is messed up, advertisers that gave up on them aren't coming back, they obviously don't work in customer service ( :-) ) etc.

No wonder things aren't going well.

[frontpage]

Agreed. Yahoo, IMHO is terribly mismanaged to the point that it no longer is credible as a search engine or directory as search results are severely lacking.

[KlingWRAP]

And y'all could do better?

Our small no-name company has only 15 employees but we regularly use Yahoo products. From email, to chat to sports pages and stock quotes...yahoo is number one between us all.

Why y'all so negative?

[rocco]

They need people for producing and managing real content, they are not just scraping and using some tags from the overture suggestion tool to pull the content.

[agerhart]

They need people for producing and managing real content

Manage it yes, but the vast majority of their content is syndicated. Not a lot of original content on their site.

[BillyS]

Yahoo is far from dead. They're biggest problem is innovation.

[IanKelley]

Why y'all so negative?

Peasants always enjoy seeing the elite have problems?

Whatever issues Yahoo has they're still the web's most popular portal.

[mfishy]

Yeah, last I checked, Yahoo was much more than a search engine a a relatively popular site.

Take a look at where the money was spent and it paints a far clearer picture.

That said, as a shareholder, I can't say I am please that they spent all that cash on the MS deal and still blew it!

[ispy]

Once again, so what?

[trinorthlighting]

Mmm, conflicting information:

[webmasterworld.com...]

[handsome rob]

The mismanagement of Yahoo is going to go in a book somewhere. Absolutely snatching defeat from the jaws of victory at every turn.