Jan
27
Yahoo Makes 20% of Its Money From Mobile, But Not Enough to Grow Revenue
Posted in: Uncategorized
Yahoo’s back — but that’s not a good thing for Yahoo.
Following its rosiest quarter since Marissa Mayer took over as CEO in July 2012, the portal saw its overall revenue sink in the fourth quarter after improving year-over-year in the third quarter for the first time under Ms. Mayer.
Yahoo’s overall revenue fell 1% to $1.3 billion in the fourth quarter, the company reported on Tuesday. The figure fell short of analysts’ estimates. The company turned a $166 million profit but that number was twice as big a year ago.
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