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Yahoo! Searches For Growth, Finds Little

The online media company shows flat revenue and sees little growth ahead. Ouch. Yahoo! reported net income for the quarter ended June 30 of $213 million, or 15 cents per share, a 51% increase over the year ago quarter and beating Street’s consensus. Analysts’ consensus leading up to the quarterly earnings report had the online media company coming in at 14 cents per share on revenue of $1.6 billion. Though beating the predictions, Yahoo! failed to deliver impressive growth on revenue; posting the expected $1.6 billion this quarter, up 2% from the same period last year.

Senh: Sure, Yahoo! might not be growing, but at least it's stable, and it's still one of the top properties on the web. As long as it's turning a profit, and it continues to turn a profit, it's doing ok. Not everyone can be the new hot thing like Facebook. Sure, Facebook is growing in users, but it's revenue is still significantly behind Yahoo's. Will it ever catches up to Yahoo? Not sure, Facebook is already the most visited site in the U.S. How much bigger can it get? It's revenue is still low in proportion to its traffic.

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Yahoo Meets Low Earnings Expectations

Yahoo! Searches For Growth, Finds Little