John Paczkowski

Recent Posts by John Paczkowski

Yahoo Earnings Not Half Bad (Which Isn’t Saying Much)

Marissa Mayer, Yahoo’s newly appointed CEO, has a daunting task ahead of her, righting the missteps of a Gong Show parade of CEOs that have left the company listing badly. But at least she’s got some decent raw material to work with.

Posting second-quarter financials after market close Tuesday, Yahoo reported earnings of $226.6 million, or 27 cents per share, on $1.22 billion in revenue. Of that revenue, search was down 1 percent year over year at $461 million and display was up 2 percent year over year at $535 million.

Analysts polled by Thomson Reuters had expected Yahoo to earn 23 cents a share on $1.096 billion in revenue. Yahoo earned $237 million, or 18 cents a share, on net revenue of $1.08 billion in the same period a year ago.

So a beat on a non-GAAP basis, and a bit light on revenue, but otherwise a decent enough showing, and a nice flat surface from which to work for Mayer. Certainly, it’s going over well with longtime Yahoo observers like Ironfire Capital founder Eric Jackson. “How ya like me now? Yahoo shows a second quarter of growth after 4 years of decline,” Jackson told AllThingsD. “Depending on who you ask, Yahoo’s core business ex cash and Alibaba and Yahoo Japan stakes is worth 0 – $4 billion today. With Marissa at the helm, I think investors are about to revalue that.”

At $15.68, Yahoo shares a trading slightly up on the news.

Yahoo hosts an earnings conference call later this afternoon, though neither Mayer or interim-CEO Ross Levinsohn will be on it. CFO Tim Morse will preside.

[Image credit: Flickr/aplatti]


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Just as the atom bomb was the weapon that was supposed to render war obsolete, the Internet seems like capitalism’s ultimate feat of self-destructive genius, an economic doomsday device rendering it impossible for anyone to ever make a profit off anything again. It’s especially hopeless for those whose work is easily digitized and accessed free of charge.

— Author Tim Kreider on not getting paid for one’s work