A short while ago Yahoo released Q1 earnings, which exceeded financial analysts' consensus estimates. Total revenue was $1.22 billion, up 1 percent year-over-year (YoY). Net earnings were $286 million, representing 28 percent YoY growth.
Total search revenue was $470 million, up 3 percent vs. last year. Search revenues (ex-TAC) were up 8 percent to $384 million (vs. $357 in Q1 2011). Total display ad revenues were down 2 percent, however, to $511 million.
The search gains came notwithstanding a decline in overall query volume last quarter, according to comScore.
New CEO Scott Thom [...]
Related Topics: Channel: Industry | Yahoo: Business Issues | Yahoo: Search