Yahoo! revenue increased in the fourth quarter of last year for the first time in four years, to $1.35 billion, while for the full year remained flat at $4.98 billion. Company liquidity more than doubled last year from $2.5 billion to $6 billion. Excluding transfers to partners, Yahoo! reported revenue of $4.68 billion last year, up by almost 7% compared to $4.38 billion dollars in the previous year.
Company estimates on results for the first three months of this year stand slightly below what market anticipated, according to CNBC. The company is targeting revenues, excluding costs with partners, from $1.07 to $1.1 billion, lower than Wall Street analysts’ estimates of $1.12 billion.
Net profit for last year stood at nearly $4 billion, compared to $1 billion in the previous year, as the results were strongly influenced by the sale of a stake in the Chinese company Alibaba. For the fourth quarter, revenue rose 2%, from $1.32 billion a year earlier to $1.35 billion.
“In 2012, Yahoo! exhibited revenue growth for the first time in 4 years, with revenue up 2 percent year-over-year. 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,” said Marissa Mayer, President and CEO of Yahoo!
Excluding costs of partner sites, revenue increased by 4.4% to $1.22 billion. Net income fell from $295.6 million in the last three months of 2011 to $272.3 million, or 23 cents per share, in the same period of last year. Wall Street expected Yahoo! to report a profit of 28 cents per share and a revenue of $1.21 billion.
Yahoo! (NASDAQ:YHOO) was down 2.5% this morning after a spike of almost 3% at the beginning of the trading session today. The stock was around $19.80 at 11:30 AM (EST) on Nasdaq. Market capitalization: $23.35 billion.
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