Yahoo Reports Net Loss of $24 Million for Third Quarter

Share this content:
Yahoo Inc. yesterday reported a net loss of $24.1 million, or 4 cents per share, for the third quarter ended Sept. 30, compared with income of $47.6 million, or 8 cents per share, a year ago.


The company noted that the third-quarter loss included investment losses of $17.9 million.


Net revenue for the quarter was down substantially to $166.1 million, compared with revenue of $295.5 million in the same quarter in 2000. Yahoo decreased its total operating expenses in the quarter to $151.8 million from $186.9 million a year ago, but reported a loss from operations of $26.3 million, compared with operating income of $67.7 million in 2000.


Yahoo said its global audience grew in the third quarter to 210 million unique users, up from 166 million a year earlier. The company's traffic increased to an average of 1.25 billion page views a day in September.


It served 3,215 advertisers and merchants and enabled nearly $1.2 billion in commerce transactions in the quarter.


The company also said yesterday that it appointed Wenda Harris Millard as chief advertising sales officer, with responsibility for the company's North American advertising and marketing efforts. Millard was a co-founder of DoubleClick Inc. Her position has been vacant at Yahoo since March, when former advertising boss Anil Singh quit.


Yahoo forecasts fourth quarter revenue of $160 million to $180 million. For the full year, it expects revenue between $688 million and $708 million. Revenue from business and premium services is expected to represent 20 percent of Yahoo's total in the fourth quarter, with marketing services and commerce accounting for the remainder.


Sign up to our newsletters

Company of the Week

PAN Communications is an award-winning integrated marketing and public relations agency for B2B technology and healthcare brands. PAN's data-driven approach allows the firm to specialize in public relations, social media, content and influencer marketing, and data and analytics. PAN partners with brands to create unique, integrated campaigns that captivate audiences and drive measurable results. PAN services clients out of the firm's four offices: Boston, San Francisco, New York City and Orlando.

Find out more here »

Career Center

Check out hundreds of exciting professional opportunities available on DMN's Career Center.  
Explore careers in digital marketing, sales, eCommerce, marketing communications, IT, data strategies, and much more. And don't forget to update your resume so employers can contact you privately about job opportunities.

>>Click Here

Relive the 2017 Marketing Hall of Femme

Click the image above