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Despite 4Q Revenue Losses, Yahoo’s New Chief is Still Optimistic

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Despite 4Q Revenue Losses, Yahoo’s New Chief is Still Optimistic

First some highlights of the Yahoo numbers for 4Q 2009 and Full-Year 2009 financial report.

  • Total revenues decreased by 1 percent in Q4 with $1,806 million as compared to 2007’s $1,832 million
  • Full year net income was only at $424 million which is equivalent to 29 cents per share for the total $7.2 billion sales compared to 2007’s $660 million net income at $47 cents per share on a total $6.97 billion sales.

On the positive note, Yahoo’s total year-end revenue increased by six percent as show by the volume sales figure, $7.2 billion for 2008 as against $6.97 billion sales. In addition Yahoo was able to minimize operating costs while at the same time making good investments which cushioned the effect of losses in net income. This has enable Yahoo to survive the economic downturn that started last year and its worsening financial conditions amidsts the controversies it faced last year.

Thus newly seated Yahoo Chief, Carol Bartz is pretty optimistic that Yahoo would recover in all aspects of its operations this year.

“We have work to do, but I am excited by Yahoo!’s opportunities, and encouraged by the tremendous innovation and momentum I’ve seen since joining the company as CEO,”  said Ms. Bartz.

And yes, Ms. Bartz also finally said that she is not about to sell Yahoo to anyone.

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Arnold Zafra

Arnold Zafra writes daily on the announcements by Google, Ask.com, Yahoo & MSN along with how these announcements effect web ... [Read full bio]

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