Yahoo! Earnings: Q3 was not that pretty

“While we are tremendously excited about many things happening at Yahoo!, we are not satisfied with our third quarter financial performance,” CEO Terry Semel said during the company’s earnings call.

IP Democracy has a good round-up of Yahoo!'s fairly ugly 3rd quarter.

While revenues rose 19% year-over-year to $1.58 billion, they barely rose (up only .3%) sequentially. Net income dropped 38% year-over-year, and 3.9% sequentially, to $158.5 million.
And despite big plans for social media and the much-anticpated launch of Panama (their new search advertising platform), Yahoo! dampened expectations for Q4 06, saying that revenue will range from $1.15 billion to $1.27 billion, down slightly from analysts’ expecations and off from the $1.58 billion posted for Q3 06.

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