Printed from http://www.electronista.com

Yahoo revenue slumps for the fourth consecutive quarter

updated 08:31 pm EST, Tue January 28, 2014

Despite drop, income climbs year-over-year to $348.2 million

Yahoo's quarterly financial results once again suffered from decreasing online advertising prices. For the fourth consecutive quarter, Yahoo revenue fell -- dropping six percent to $1.266 billion. Net income rose to $348.2 million, up from the $272.3 million in the same quarter a year ago.

The company noted that paid clicks increased 17 percent year-over year. However, the price-per-click decreased three percent in the same time period. Net earnings per diluted share was $0.33 in the fourth quarter of 2013, which includes a net gain of $0.05 per diluted share related to the sale of patents, compared to $0.23 in the fourth quarter of 2012.

"I'm encouraged by Yahoo's performance in Q4 and 2013 overall. We saw continued stability in the business, and our investments allowed us to bring beautiful products to our users and establish a strong foundation for revenue growth," said Yahoo CEO Marissa Mayer. "In Q4, we launched the new Yahoo Mail, Yahoo Finance, and our new Flickr photo books, while quickening our pace of experimentation. We are extremely heartened by the year-over-year traffic increase we experienced in 2013, an early sign of return on our investments and the acquisitions we've made."

During the fourth quarter of 2013, Yahoo repurchased six million shares for $231 million, and used a net $60 million for acquisitions. Across all of 2013, Yahoo repurchased 129 million shares for $3.3 billion, and used a net $1.2 billion for acquisitions.



By Electronista Staff
Post tools:

TAGS :

toggle

Comments

Login Here

Not a member of the MacNN forums? Register now for free.

toggle

Network Headlines

toggle

Most Popular

Sponsor

Recent Reviews

Cat B100

Cat is primarily known for its heavy-duty machinery used in the construction industry and farming, among other areas. What may not be ...

Linksys EA6900 AC Router

As 802.11ac networking begins to makes its way into more and more devices, you may find yourself considering an upgrade for your home ...

D-Link DIR-510L 802.11AC travel router

Having Internet access in hotels and other similar locations used to be a miasma of connectivity issues. If Wi-Fi was available, it wa ...

Sponsor

toggle

Most Commented

 
toggle

Popular News