Yahoo profits up on cost cuts

first_img by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStorySerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBeAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteDefinitionDesi Arnaz Kept This Hidden Throughout The Filming of ‘I Love Lucy’DefinitionLuxury SUVs | Search AdsThese Cars Are So Loaded It’s Hard to Believe They’re So CheapLuxury SUVs | Search AdsTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island Farm Yahoo profits up on cost cuts Show Comments ▼ whatsapp YAHOO more than doubled its fourth-quarter earnings year-on-year yesterday following cost-cutting measures, but revenues fell as it struggled to make online advertising pay.The search firm made net fourth-quarter income of $312m (£197.3m) or 24 cents a share, up from $153m, or 11 cents a share, in the same period the previous year, it reported yesterday.But net revenue fell four per cent to $1.20bn, from $1.26bn a year earlier, as it battled rivals such as Facebook and Google that have mastered the art of making money from online adverts.Revenue from display adverts rose 16 per cent before costs, but revenue from search adverts fell by 18 per cent before costs, the company said.California-based Yahoo said search revenues dipped due to its revenue share deal with Microsoft, which routes all search-based adverts through the software firm’s platform. Total revenue, which included the amount it shared with Microsoft, fell 12 per cent to $1.53bn, from $1.73bn a year earlier. It was also downbeat on the outlook, forecasting net first-quarter 2011 revenue of $1.02 to 1.08bn, below analyst forecasts of $1.13bn. •The results are in sharp contrast to the record earnings announced by Google last week. Yahoo’s earnings boost was achieved through cost-cutting measures including redundancies and it said it would cut a further 600 staff. Google has said it will recruit a record number of staff this year, beating 2007’s level of 6,000 hires. Tuesday 25 January 2011 9:20 pm Sharecenter_img whatsapp Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofThe Truth About Bottled Water – Get the Facts on Drinking Bottled WaterGayotChicken Bao: Delicious Recipes Worth CookingFamily ProofCheese Crostini: Delicious Recipes Worth CookingFamily Proof KCS-content Tags: NULLlast_img read more