More on Yahoo: Q2 revenue ex-TAC -1% Y/Y vs. flat in Q1. Display ads remain weak following new...


More on Yahoo: Q2 revenue ex-TAC -1% Y/Y vs. flat in Q1. Display ads remain weak following new leadership, new ad formats, and a home page revamp: sales -11%, same as Q1. Exc. Korea, display ads sold -7%, ad prices -2%. Search (aided by Microsoft payments) is better: exc. Korea, ad sales +5% (was +6% in Q1). A 21% increase in search paid clicks offset an 8% drop in price/click. $653M spent on buybacks vs. $775M in Q1. Cash/investment balance -$600M Q/Q to $4.8B. Sales/marketing spend +3% Y/Y and G&A -1%, but R&D +18% (new investments). YHOO -2.2% AH, CC at 5PM ET, replete with live video (webcast). (PR)

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Comments (1)
  • deercreekvols
    , contributor
    Comments (9390) | Send Message
     
    The CEO of Yahoo is spending money like it grows on trees, which clearly it does not.
    Flat ad sales are never a good sign.

     

    Anyone on the Yahoo Board watching this? Might be time to close the purse strings and stop giving the CEO carte blanche.
    16 Jul 2013, 08:17 PM Reply Like
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