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Yahoo posts higher Q4 profit

: Thursday, January 30 - 2014 @ 08:47

Yahoo Inc. has said its online ad prices fell 6% year-over-year in the fourth quarter, while the price per ad, excluding Korea, declined 7%, Reuters has reported. The company’s overall revenue dropped 6% in the last three months of the year to $1.266bn, marking four consecutive quarters of eroding revenue. Fourth-quarter net income rose to $348.2m from the $272.3m earned in the year-ago period. In the first quarter of this year, net revenue, which excludes fees paid to third-party websites, would range between $1.06bn and $1.1bn, Yahoo said.

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Thursday, January 30- 2014 @ 8:47 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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