Yahoo fourth quarter revenue dips 6%, profit dips 8%

Yahoo net income decreased 8 percent to $174 million in Q4 2013 from $272 million. Revenue fell 6 percent to $1.27 billion.

In 2013, Yahoo revenue decreased 6 percent $4,680 million and net income increased 4 percent to $590 million

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.
Yahoo earnings are rising largely because lucrative investments in Asian internet companies made before Mayer’s arrival.

“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, the company launched the new Yahoo Mail, Yahoo Finance, and new Flickr photo books, while quickening our pace of experimentation.

[email protected]

Related News

Latest News

Latest News