Following a full quarter with Marissa Mayer as its CEO, the Yahoo has seen its revenue increase, while its profits decrease.
The company announced a non-GAAP profit of $272.27 million, or 32 cents per share, during the fourth quarter on sales of $1.35 billion. However, that represents a decrease of 8 percent when compared to the Q4 of 2011.
For all of 2012, Yahoo generated a profit of $3.94 billion, an increase of 276 percent from 2011's $1.05 billion.
Revenue for the fourth quarter was $1.35 billion, an increase of two percent from 2011's Q4. Full year sales during 2012 stood at $4.99 billion. The company expects revenues of between $4.5 billion and $4.6 billion for 2013, which would result in an annual growth rate of 0.7 percent to 3 percent.
"In 2012, Yahoo exhibited revenue growth for the first time in 4 years, with revenue up 2 percent year-over-year," said Mayer.
"During the quarter we made progress by growing our executive team, signing key partnerships including those with NBC Sports and CBS Television, and launching terrific mobile experiences for Yahoo Mail and Flickr. At the same time, we achieved tremendous internal transformation in the culture, energy and execution of the company."
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Zak Islam is a freelance writer focusing on security, networking, and general computing. His work also appears at Digital Trends and Tom's Guide.
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egilbe Many of Yahoo's news articles are complete crap and their blatant anti 2nd amendment stance ignores honest, impartial journalistic integrity. Yahoo Sports is pretty good. The ads that they try to pass off as news is pretty funny and doesn't fool many people.Reply -
jerrspud I remember back in 1997 and I heard Yahoo was the #1 site on the internet, and I remember thinking "why is chocolate milk so popular?" :pt1cable:Reply