Yahoo reported a 5 percent drop in revenue for the third quarter, with the money it makes from display and search ads both continuing to decline.
Revenue for the period ended Sept. 30 was US$1.2 billion, down 5 percent from a year earlier, Yahoo said Tuesday. Excluding traffic acquisition costs, revenue was down 1 percent.
Its profit for the quarter was $297 million, much lower than last year, when it made a big one-off gain from selling shares in China’s Alibaba Group. On an operations basis, Yahoo’s profit for the quarter was $93 million, a drop of 39 percent.
SOURCE: computerworld.com
Most Commented Posts
2020 Cybersecurity Landscape: 100+ Experts’ Predictions
Cyber Security Predictions 2021: Experts’ Responses
Experts’ Responses: Cyber Security Predictions 2023
Celebrating Data Privacy Day – 28th January 2023
Data Privacy Protection Day (Thursday 28th) – Experts Comments
Most Active Commenters
Recent Comments
Meta’s fine over data privacy breaches underscores the critical challenges…
Hi, Thanks, that is really useful information. I do have…
“This is a very worrying attack that hit T-Mobile and…
“This latest cyberattack against T-Mobile may be smaller than previous…
“Genesis Market is a complex global criminal access marketplace. Buyers…