Yahoo Profit Up After 1 Year with Marissa Mayer At The Helm
Yahoo have just released their Q2 2013 Financial Results, 1 year after Marissa Mayer was appointed as the company’s CEO.
The reaction from investors and commentators has been mixed but there are a couple key points to take away from this update:
- Net Profit up 46% from a year ago to $US331
- Revenue fell 1% to $US1.07 billion
- APAC makes up around 19% of Yahoo’s revenue
These results are not too bad for Yahoo as for several year they have seen declining revenue and profits. So this earnings is almost flat which is good news for Yahoo. In terms of Tumblr, some sort of monetisation is expected to happen over the next year and this will be interesting to watch.
“I’m encouraged by Yahoo!’s performance in the second quarter. Our business saw continued stability, and we launched more products than ever before, introducing a significant new product almost every week, said Mayer.
As reported by Business Insider, in a new move Marissa and her CFO Ken Goldman did a live Video update for these financial results. Here are the videos from Business Insider.
This is a nice way to personalise such updates from management and I think is a good idea for the future and other tech companies.