Log in
Forgot password ?
Become a member for free
Sign up
Sign up
Dynamic quotes 

4-Traders Homepage  >  Equities  >  Nasdaq  >  Yahoo! Inc.    YHOO

News SummaryMost relevantAll newsSector newsTweets 

Yahoo CEO says Microsoft search deal underperforms

share with twitter share with LinkedIn share with facebook
share via e-mail
02/13/2013 | 12:14am CEST

Yahoo Inc Chief Executive Marissa Mayer said the company's search partnership with Microsoft Corp was not delivering the market share gains or the revenue boost that it should.

"One of the points of the alliance is that we collectively want to grow share rather than just trading share with each other," Mayer said at the Goldman Sachs Technology and Internet Conference in San Francisco on Tuesday.

In her first appearance at an investor conference since taking the reins of the struggling Web portal in July, Mayer said she planned to prune a sprawling lineup of mobile apps and she reiterated her focus on enticing consumers to spend more time on Yahoo's online properties, in order to display more money-making ads.

"I'm not confused. Our biggest business problem right now is impressions. Basically can we grow impressions, can we get growth happening here," Mayer said.

Yahoo shares finished Tuesday's regular trading session up 31 cents at $21.21.

Mayer, 37, took over after a tumultuous period at Yahoo in which former CEO Scott Thompson resigned after less than 6 months on the job over a controversy about his academic credentials and in which Yahoo co-founder Jerry Yang resigned from the board and cut his ties with the company.

Yahoo's revenue in 2012 was flat year-over-year, at roughly $5 billion, and down from roughly $6.3 billion in 2010.

"We need to see monetization working better because we know that it can and we've seen other competitors in the space illustrate how well it can work," Mayer said of the search deal with Microsoft.

Yahoo and Microsoft entered into a 10-year search partnership in 2010, hoping their combined efforts could mount a more competitive challenge to Google Inc, the world's No.1 search engine. But the partnership has not lived up to expectations.

Google remains the dominant search engine, with a 66.7 percent share of the U.S. market in December, almost unchanged from its 66.6 percent share two years earlier, according to online analytics firm comScore.

Microsoft had 16.3 percent share and Yahoo had 12.2 percent share in December, a reversal of two years earlier when Yahoo's U.S. search share was 16 percent and Microsoft had 12 percent share.

Yahoo's stock has risen more than 30 percent since Mayer took the helm in July, reaching its highest levels since 2008.

Analysts say that part of the stock's rise has been driven by significant stock buybacks, using proceeds from a $7.6 billion deal to sell half of its 40 percent stake in Chinese Internet company Alibaba Group.

Mayer said that she viewed the company's relationship with Yahoo Japan, which is partly owned by Softbank, as "strategic" to the company. Under previous CEOs, Yahoo had engaged in unsuccessful discussions to "monetize" its roughly 35 percent stake in Yahoo Japan.

(Reporting by Alexei Oreskovic; Editing by Phil Berlowitz)

By Alexei Oreskovic

share with twitter share with LinkedIn share with facebook
share via e-mail
Latest news on YAHOO! INC.
04/20DJVERIZON COMMUNICATIONS : for First Time, Loses Core Wireless Customers
04/18 YAHOO! INC. (NASDAQ : YHOO) Files An 8-K Results of Operations and Financi..
04/18 YAHOO INC : Results of Operations and Financial Condition, Change in Directors o..
04/18 YAHOO : Reports First Quarter 2017 Results
04/15 YAHOO : Announces First Quarter 2017 Earnings Release Date
04/13 YAHOO : Announces First Quarter 2017 Earnings Release Date
04/11 VERIZON COMMUNICATIONS : Yahoo accused of mismanaging funds meant for Chinese di..
04/11 China's LeEco abandons $2 billion deal to buy U.S. TV maker Vizio
04/10 YAHOO! INC. (NASDAQ : YHOO) Files An 8-K Departure of Directors or Certain Offic..
04/10 YAHOO INC : Change in Directors or Principal Officers (form 8-K)
More news
Sector news : Search Engines
04/22 Wall Street gears up for busiest earnings week in years
04/22 APPLE : self-driving car testing plan gives clues to tech programme
04/21DJVISA : Faces Ohio Attorney General Probe Over Its Debit Cards -- Update
04/21DJVISA : Faces Ohio Attorney General Probe Over Its Debit Cards
04/21DJTENCENT : to Buy 9.9% Stake in Seasun for US$142.6 Million
More sector news : Search Engines
News from SeekingAlpha
04/21 The Bullish News Cycle - Cramer's Mad Money (4/20/17)
04/18 Yahoo beats Street again on earnings, looks to June deal close
04/18 Yahoo beats by $0.04, beats on revenue
04/17 Notable earnings after Tuesday?s close
04/11 Yahoo facing remedial action as Europe's breach probe wraps
Financials ($)
Sales 2017 5 367 M
EBIT 2017 396 M
Net income 2017 333 M
Finance 2017 5 930 M
Yield 2017 -
P/E ratio 2017 135,23
P/E ratio 2018 130,01
EV / Sales 2017 7,36x
EV / Sales 2018 7,44x
Capitalization 45 452 M
More Financials
Duration : Period :
Yahoo! Inc. Technical Analysis Chart | YHOO | US9843321061 | 4-Traders
Full-screen chart
Technical analysis trends YAHOO! INC.
Short TermMid-TermLong Term
Technical analysis
Income Statement Evolution
More Financials
Mean consensus OUTPERFORM
Number of Analysts 22
Average target price 51,4 $
Spread / Average Target 8,1%
Consensus details
EPS Revisions
More Estimates Revisions
Marissa Ann Mayer President, Chief Executive Officer & Director
Eric K. Brandt Chairman
Kenneth A. Goldman Chief Financial & Accounting Officer
Laurie Mann Chief Information Officer
David Filo Director & Chief Yahoo
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
YAHOO! INC.22.89%45 452
ALPHABET INC8.39%588 428
BAIDU INC (ADR)8.31%61 842
NAVER CORP--.--%23 663
YANDEX NV14.65%7 446
More Results