For the first time in four years, internet giant Yahoo! has reported an increase in revenue. Fourth-quarter revenue totalled US$1.34m, an increase of 2pc from the year-ago period.
For the full-year of 2012, Yahoo! reported revenue of US$4.98m, flat compared to the previous year.
Yahoo’s net earnings for the fourth quarter and income from operations for the same period decreased, however.
Income from operations sank 22pc to US$190m in Q4 of 2012, compared to US$242m in the fourth quarter of 2011. Full-year income amounted to US$566m, compared to US$800m for the prior year.
Yahoo’s net earnings for Q4 of 2012 reached US$272m, down 8pc from the year-ago period. Net earnings for the full year of 2012 came in at US$3.94m, compared to US$1.0m for the prior year.
For the full year of 2012, net earnings included a net gain of US$2.7m related to the sale of Alibaba shares.
Net earnings per diluted share reached US$0.23 in the fourth quarter of 2012, compared to US$0.24 in the fourth quarter of 2011. For the full year, net earnings per diluted share amounted to US$3.28, compared to US$0.82 for the prior year.
For the full year of 2012, net earnings included a net gain of US$2.7m, or US$2.29 per diluted share, related to the sale of Alibaba shares.
Yahoo! CEO Marissa Mayer said she’s proud of the company’s 2012 and fourth-quarter results.
“In 2012, Yahoo! exhibited revenue growth for the first time in four years, with revenue up 2pc year-over-year,” Mayer said.
“During the quarter, we made progress by growing our executive team, signing key partnerships, including those with NBC Sports and CBS Television, and launching terrific mobile experiences for Yahoo! Mail and Flickr. At the same time, we achieved tremendous internal transformation in the culture, energy and execution of the company.”