Yahoo reports dip in Q4 revenue, shares fall
Yahoo's latest quarterly report shows CEO Marissa Mayer is still having trouble bringing in more revenue.
SAN FRANCISCO: Yahoo's latest quarterly report shows CEO Marissa Mayer is still having trouble bringing in more revenue as online advertisers spend more money at Google and other rivals.
The fourth-quarter results serve as the latest reminder of challenges facing Yahoo. The long-slumping internet company hoped to revive its revenue growth when it lured Mayer away from Google 18 months ago.
So far, though, Yahoo revenue remains stuck in a rut. The company's earnings are rising largely because lucrative investments in Asian internet companies made before Mayer's arrival.
Yahoo earned $348 million, or 33 cents per share, a 28 percent increase from $272 million, or 23 cents per share, a year earlier.
Revenue fell 6% to $1.27 billion.
Shares fell nearly 5% after results came out.
The fourth-quarter results serve as the latest reminder of challenges facing Yahoo. The long-slumping internet company hoped to revive its revenue growth when it lured Mayer away from Google 18 months ago.
So far, though, Yahoo revenue remains stuck in a rut. The company's earnings are rising largely because lucrative investments in Asian internet companies made before Mayer's arrival.
Yahoo earned $348 million, or 33 cents per share, a 28 percent increase from $272 million, or 23 cents per share, a year earlier.
Revenue fell 6% to $1.27 billion.
Shares fell nearly 5% after results came out.
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