Home Yahoo! profits still lower as revenue falls 5%
 

Keywords :   


Yahoo! profits still lower as revenue falls 5%

2013-10-16 08:59:00| Telecompaper Headlines

(Telecompaper) Yahoo! reported third-quarter net profit down 89 percent to USD 0.28 per share, after booking a gain the year-earlier period on the sale of Alibaba shares. Excluding the one-time items, profit fell 24 percent to USD 358 million. Revenue declined 5 percent to USD 1.1399 billion and was down 1 percent to USD 1.081 billion when excluding traffic acquisition costs. Display revenue fell 7 percent to USD 470 million due to pressure on ad prices, and search revenue was down 8 percent to USD 435 million on a lower price per click. Yahoo's adjusted EBITDA fell 19 percent to USD 331 million, and operating profit was down 39 percent to USD 93 million. CEO Marissa Mayer said she was still pleased with the company's execution, as it continues to invest in improving products and and made eight acquisitions during the quarter. The site's user base has grown 20 percent in the past 15 months to over 800 million monthly users, she said. After spending USD 1.7 billion share repurchases in the quarter, Yahoo had USD 3.2 billion in cash remaining at the end of September.

Tags: yahoo lower falls revenue

Category:Telecommunications

Latest from this category

All news

»
05.11Registration Now Open for RadTech 2025
05.11Atlantic Tropical Weather Outlook
05.11Eastern North Pacific Tropical Weather Outlook
05.11Tropical Storm Rafael Graphics
05.11Tropical Storm Rafael Public Advisory Number 7A
05.11Summary for Tropical Storm Rafael (AT3/AL182024)
05.11Vodafone-Three merger could get green light, watchdog says
05.11Altice USA residential video RGUs down 77,000 in 3Q 2024
More »