Posted by Anybody who thinks Yahoo! is not making money is definitely wrong and mistaken.
Okay, let us say that Google makes more of the money, but that doesn’t make Yahoo! out of the business entirely. Yahoo! just came out with their latest financial report and it seems that they are in the mood for some optimistic attitude.
Yahoo! CEO Carol Bartz described their earnings as doubled compared to the standings last year. Yahoo! has experienced a lag on its third quarter as its earnings were elevated to just 2% from the same season last year to $1.6 billion. However, the company was able to get on the right track as its earnings raised to 107% year after year, summing up to $189 million.
Yahoo! also has in line various long term strategies that should keep them in good business. It is currently doing business with Zynga, integrating Microsoft Bing and acquiring Associated Content. Bartz is positive towards the company’s significant progress in the execution of the aforementioned strategies which are supposed to translate to revenue and profit growth.
Yahoo!’s value as a company is also making great buzz lately as rumors of AOL, along with various private equity agencies, acquiring the former has been circulating around the industry. Well, Yahoo! should be flattered for all the interest expressed towards the company.
