Yahoo Posts Loss in Q4 2008

29 January 2009

SUNNYVALE, California: Yahoo  posted a loss of $303 million (€228m; £212m) in the fourth quarter of 2008, largely due to the cost of layoffs and a decline in the value of some investments, while advertising revenues remained flat.

According to the company's figures, overall revenues fell by 1% in Q4 on the year-ago period to a total of $1.8 billion.

However, advertising revenues, which remain Yahoo's primary source of income, were essentially unchanged at $1.6bn.

While the online operator's overall results actually beat many forecasters' estimates, new ceo Carol Bartz still felt the need to stress she would not be breaking up its operations in the search for growth.

Said she during a conference call while discussing the results with analysts: "This is a fantastic internet company that does not need to be pulled apart. I didn't come here to sell the company." 
Yahoo also warned that its first quarter revenues would fall between $1.53bn and $1.73bn, down on $1.82bn from the same period in 2008.

Data sourced from USA Today; additional content by WARC staff