Yahoo Fails to Halt Slide in Revenue
Yahoo Inc. has taken numerous steps — including the firing more than a month ago of Chief Executive Carol Bartz — to get back on a growth trajectory. But it promises to be a long road.
The Sunnyvale, Calif., Internet company, which is now shopping itself to potential buyers, on Tuesday said that its third-quarter profit dropped 26 percent from a year earlier while revenue fell 24 percent. Yahoo also reported its fourth consecutive slowdown in the growth rate of its display-ad sales — its most important business, which includes graphical, interactive and video ads. Display-ad sales revenue was flat from a year earlier.