Yahoo First Quarter Results: Revenue Dips Slightly, Profits Increase

New submitter dolilmao was the first with the news of Yahoo's first quarter results. From Techcrunch: "Yahoo just released its earnings report for the first quarter of 2013, with better-than-expected (non-GAAP) earnings of $420 million, or 38 cents per share. Revenue (excluding traffic acquisition costs) was flat compared to last year, at $1.07 billion. Analysts has predicted that the company would report revenue of $1.1 billion and 24 cents EPS. Wall Street normally evaluates Yahoo on an ex-TAC basis — including traffic acquisition costs, revenue was $1.14 billion, down 7 percent from last year."

Comments

Re:no contribution

[danbuter]

Yahoo News is actually quite good, especially their Sports department.

Re:news for nerds?

[MrEricSir]

What time since ~2000 has Yahoo been a relevant technology company?

That's actually a good question. I tend to see Yahoo more as a holding company than an R&D company, much like IAC/InterActive (owner of Ask.com, Vimeo, OKCupid, etc.) Seems to me the problem is with expectations; investors want Yahoo to be Google, but that's fundamentally not who they are, were, or ever will be.