Yahoo's Revenue Up, Profits Down
January 28, 2013 at 3:10 PM (PT)
YAHOO INC. saw its revenue rise in Q4 to a little over $1.3 billion, but it's profits for that quarter fell 7.9%. For the entire year, YAHOO generated almost $5 billion in revenue.
"I'm proud of YAHOO!'s 2012 and fourth quarter results. In 2012, YAHOO! exhibited revenue growth for the first time in four years, with revenue up 2% year-over-year," YAHOO! CEO MARISSA MAYER said. "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."
For more details on YAHOO!'s financials, click here.