Yahoo Reports Sixth Quarterly Loss in a Row

Share this content:
Yahoo Inc. met analysts' expectations yesterday and reported a net loss of $53.6 million, or 9 cents per share, up substantially from last year's loss of $11.5 million. It was the company's sixth quarterly loss in a row.

However, due to an accounting change the company was able to report income before taxes and the cumulative effect of the change of $10.5 million, or 2 cents per share. A year earlier Yahoo reported a net loss of $11.5 million, or 2 cents per share. Yahoo's net revenue for the quarter was $192.7 million, up from $180.2 million a year earlier.

The accounting change requires companies to assess the goodwill recorded form previous acquisitions and record one-time charges that do not affect cash or the company's operations. Goodwill is measured as the difference between what a company pays for an acquisition and the fair market value of the acquired company. Because of the accounting change, Yahoo had to include a non-cash charge of $64.1 million for the first quarter.

Yahoo said net revenue from its Marketing Services division fell to $120.9 million in the first quarter, from $141.9 million a year ago. Revenue from its Fees and Listings business rose to $54.9 million, from $33.2 million. Transactions revenue more than tripled to $16.6 million, from just over $5 million in 2001.

The company said it had cash and equivalents of $1.3 million at the end of the first quarter, down from $1.5 million last year.

In the first quarter, Yahoo's audience grew to 237 million unique users, up from 192 million in 2001. Traffic increased to 1.62 billion page views per day, from 1.1 billion.


Next Article in Digital Marketing

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.

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