Yahoo reported earnings after the market closed today saying its 3rd Quarter profit tripled to $187 million, or 13 cents a share, from $54.3 million, or 4 cents a share in the same period last year, topping expectations.
Net revenues declined 12% from the 3Q last year to $1,575 million, but were slightly above the second quarter of 2009
Other details from the report were:
- Marketing services revenues from Owned and Operated sites were $851 million for the third quarter of 2009, a 15% decrease compared to $1,002 million for the same period of 2008. The decrease was primarily driven by a 19% decline in search advertising revenue and an 8 percent decline in display advertising revenue.
- Marketing services revenues from Affiliate sites were $526 million for the third quarter of 2009, a 6%decrease compared to $561 million for the same period of 2008.
This seems to be a trend for Yahoo, increasing profits with declining revenue.
However, the market liked the news, as sharea of Yahoo were up over 3% in after market trading at $17.72
yAHOO WILL be byeHoooo
Yahoo also has a massive online & offline campaign here in the UK, I dont know if its a global drive or just here in the UK but there billboards dont even have Yahoo.com or Yahoo.co.uk – Ok I know that most people know what Yahoo is but still you would think if you are paying that much for a uk wide campaign on Billboards you would put something like find out more now at Yahoo.com/.co.uk instead nothing just a picture and a slogan “The internet is under new management You”
the increase of profits is only due to the deletion of some Yahoo free services like GeoCities
Robbie…I’ve been hearing yahoo radio ads here in Chicago alot lately so yeah they’re pushing here too.
At least they have profits which most companies would love to have this year. More profit on less gross is not bad also…goog said ad sales were picking up so I would project that for yhoo too.
I agree – At least they have profits – not many people do these days.
yAHOO WILL be bye..who?