We're hiring

We love digital - Call
03332 207 677
and say hello - Mon - Fri, 9am - 5pm

Call 03332 207 677

James Perrin

Yahoo’s 2011 Q1 Results: Revenues and Net Earnings Down

20th Apr 2011 News, Industry News 1 minute to read


Yahoo logoThe search engine released its first quarter earnings report for 2011 and has announced a 6% decline in revenues and a 28% decline in total net earnings.

Yahoo officially released its results for the first quarter of 2011 with revenues at $1.064 billion, compared to $1.13 billion reported in the first quarter of 2010 – a drop of 6%. Furthermore, total profits for Q1 in 2011 were $223 million compared to $310 million in Q1 of 2010, resulting in a 28% drop. All in all, not particularly good reading.

Despite the drop in revenue and profit, CEO Carol Bartz explained that the company’s “overall turnaround is proceeding on schedule”.  This means their corporate turnaround isn’t quite complete yet as they are still ironing out problems with their Microsoft partnership, as well as selling off assets and investing in new areas.

The partnership [See: Are You Ready for the Yahoo/Bing Merger?]  sees Yahoo use Microsoft’s search technology as a way of improving  its advertising revenue, but as the figures suggest, it’s not yet paying  off as YaBing are awaiting improvements in their AdCenter technology.

The figures are once again a mixed bag for Yahoo, who reported in the fourth quarter of last year profits of $312 and a slump in revenues of $1.2 billion [See: Yahoo Earnings Slip Despite Posting Profit in Q4]. As you can see, comparing to the last quarter, Yahoo have once again seen a drop in both revenue and profit.

Putting the figures into perspective, last week we reported Google’s Q1 earnings [See: Google’s Rise in Revenues for Q1 2011 is overshadowed by Expenses] which dwarfed the figures reported by Yahoo by a ratio of 45:1 ($1.064 billion for Yahoo in Q1 of 2011 compared to 48.58 billion for Q1 in 2011 for Google).

The good news for Yahoo is that their quarterly earnings are ahead of analysts’ forecast; and despite the drop, they purport to be on schedule with their corporate turnaround. This has been reflected their share price rising over 3% in the after hours trading on Wall Street.

Share this post

James Perrin
About the author

James Perrin

Content Marketing Manager, James Perrin is a regular contributor to the Koozai blog. Well experienced in sales and marketing, James also has a passion for journalism and media, especially new media. From the latest industry related new stories to copywriting advice, James will provide you with plenty of digital marketing information.

What do you think?

  • aspect-ratio
    Cat Birch

    Koozai Launches Free Breakfast & Learn Events

    We’re excited to announce that we’re launching a series of free Breakfast & Learn events for brand-side marketers. Our digital marketing experts will help you to boost your SEO, paid media, paid social and content marketing knowledge over breakfast.
    (more…)

    Cat Birch
    @MissCatBirch
    25th May 2017
    News
  • aspect-ratio
    Cat Birch

    Marcus Knight Speaking at SMX London 2017

    SMX London 2017 is one of the biggest search marketing conferences in the world, and it takes place on 23rd and 24th May. We are very pleased to announce that our very own Marcus Knight, will be speaking at this industry-leading event.

    (more…)

    Cat Birch
    @MissCatBirch
    11th May 2017
    News

Digital Ideas Monthly

Sign up now and get our free monthly email. It’s filled with our favourite pieces of the news from the industry, SEO, PPC, Social Media and more. And, don’t forget - it’s free, so why haven’t you signed up already?