Yahoo Q1 2010 numbers

-- Year on Year (Current quarter when compared with the same quarter previous year) growth in Revenue: One Percent
Revenue Q1 2010: $1.60 billion
Revenue Q1 2009: $1.58 billion

-- The current quarter numbers missed the Wall Street estimates, sending shares down 3.5 percent in after hour’s trade.

-- According to Clay Moran, analyst at Benchmark, the search advertising revenue has a 14 percent year-over-year drop in search advertising revenue. This as per him shows a struggling picture in search and a significant contraction in search business.

-- Some analysts have expected a better performance from Yahoo; with Yahoo shares having risen more than 10 percent since the start of the month.

-- But Yahoo is seeing the recent months as a comeback. According to Yahoo CEO Carol Bertz, “The display market is coming back. With this comeback, the quality of advertisers is on the rise."

Following are the numbers given by yahoo:
Year on Year (Current quarter when compared with the same quarter previous year) growth in revenue from Internet display ads: 20 percent
Year-over-year growth in revenue from "guaranteed" display ads, which marketers reserve ahead of time and typically at higher rates: 24 percent

-- Some positives:
Savings start to surface:
Yahoo has reported a benefit of $43 million in one-time payments from Microsoft to cover the transition to the new search system, and $35 million as part of the $150 million in search operating cost reimbursements promised by Microsoft under the deal's terms.

-- Year on Year growth in Net income:
Net income Q1 2010: $312.3 million
Net income Q1 2009: 118.7 million
Growth: 62 percent

This is helped by the $43 million in Microsoft transition cost payments and the sale of the Zimbra corporate email business.

-- According to Thomson Reuters, Yahoo posted a profit of 15 cents per share, beating the average analyst estimate of 9 cents.

-- According to Tim Morse, yahoo CFO, Yahoo's Internet display advertising business was strong during the quarter under attention, but that the search business (means growth in search queries) came in a bit weaker than expected.

According to comScore, Yahoo’s search market share has shrinked over the past year: it held 16.9 percent of the U.S. search market by queries in March 2010, down from 21 percent in January 2009.

-- According to Thomson Reuters, the money Yahoo pays to partner websites -- known as traffic acquisition costs (TAC) -- fell 2.6 percent to $1.13 billion, below the average estimate of $1.17 billion. The Net revenue excludes TAC.

-- Revenue Guidance: The Company expects the second quarter revenue to rise to $1.68 billion. With TAC expected to account for 29.5 percent. --------

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