Yahoo profits up, revenue still declining, Tom Krazit, Webware (Oct 20)
Yahoo is doing its utmost to cut costs and that has shown in improved profits, but there is a slowdown in revenue due to a drop in advertising.
"Search advertising declined by 19 percent in the third quarter to hit $354 million on Yahoo's owned and operated sites, while display advertising declined 8 percent to $399 million. The good-news/bad-news scenario here is that while the rate of decline in the display business is slowing down, the rate of decline in the search business is increasing, perhaps fallout from Yahoo's decision to enter into a pending agreement with Microsoft to outsource search on Yahoo sites."
Posted by Gwen at October 21, 2009 10:56 AM