ADOTAS — Yahoo earnings reports was bad, though none predicted that it wouldn’t be
Yahoo had been reeling for nearly a year after potential deals with Microsoft and Google fell through. It lost market share in search advertising, while its signature, display ads, have been battered in this recession. Fourth-quarter profit, excluding write-downs and one-time charges, rose to $238 million from $205.7 million. But it still posted a net loss of $303 million.
Gross revenue, including payments to affiliated websites that carry Yahoo ads, fell 1 percent to $1.81 billion. Net revenue was $1.375 billion.
Carol Bartz, in a conference call, said she had no plans to sell the company, nor a search deal in place, but that “everything is on the table.” Microsoft has said it was interested search-only deal.
“Am I planning to immediately sell the search business? I’m still learning about the business,” Bartz said. “Search is a very valuable part of business.”
Some analysts said tough times will continue for the company and may worsen.
“Bartz has her work cut out for her to turn around the business from a revenue-growth perspective,” Mark May, an analyst for Needham & Co, told the WSJ.
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