Portal player Yahoo! exceeded analysts’ expectations and reported that its Q4 revenue of US$1.7 billion was US$1.7 billion, up 10pc on Q3.
Full year 2009 revenues were US$6.4 billion a decrease of 10pc compared to 2008.
Income from operations for the fourth quarter of 2009 included US$40 million in restructuring charges and US$32 million in advisory and retention costs related to the Microsoft search agreement.
“The fourth quarter marked a strong finish to 2009, which was a transformative year for Yahoo!,” said Yahoo! chief executive officer Carol Bartz.
“We beat the high end of our revenue guidance, saw demand for premium display advertising improve significantly, and grew Owned & Operated search advertising revenue sequentially for the first time since the third quarter of 2008.
“Our business has positive momentum and we feel good as we head into 2010,” said Bartz.
“We’re pleased that the midpoint of our Q1 revenue outlook marks the first quarter of year-over-year growth in six quarters,” Bartz said.
By John Kennedy
Photo: Yahoo! CEO Carol Bartz