Yahoo Fails to Halt Slide in Revenue

October 18, 2011 at 1:29 pm PT

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.

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Tagged with: Amir Efrati, earnings, The Wall Street Journal, Yahoo

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