Datamation content and product recommendations are editorially independent. We may make money when you click on links to our partners. Learn More.
Yahoo has posted its second quarter financial report just one day before the one-year anniversary Marissa Mayer’s start date as CEO. The results were mixed with earnings up 46 percent but falling revenues that failed to meet expectations.
Jessica Guynn with the Los Angeles Times commented, “It’s not such a happy anniversary for Marissa Mayer, who just polished off her first year at the helm of Yahoo. Shares of Yahoo are down 2% after the company released a second-quarter earnings report that showed revenue fell 7% year over year to $1.14 billion, giving investors very little to yodel about…. Yahoo’s earnings did rise 46% but that was due to its investment in Chinese Internet company Alibaba.”
Bloomberg BusinessWeek’s Brad Stone observed, “Mayer, as Yahoo’s fifth boss in four years, has proven herself a steady steward so far. Shares are up more than 70 percent during her tenure, buoyed for the most part by an ongoing stock buyback and by the rising value of the company’s 23 percent stake in Chinese powerhouse Alibaba Group, which could stage an IPO this year. Still, as Bloomberg News notes in its one-year-later assessment, advertisers remain unsold on the Yahoo turnaround and analysts are nervous about Mayer’s acquisition spree of 17 startups, including the pricey $1.1 billion purchase of blog network Tumblr.”
CNET quoted Mayer, who stated, “I’m encouraged by Yahoo!’s performance in the second quarter. Our business saw continued stability, and we launched more products than ever before, introducing a significant new product almost every week. From the new Yahoo! News, the new Yahoo! Sports app, the redesigned Yahoo! search, the new Flickr, the new Yahoo! Mail for tablet, the Yahoo! Weather app, our new Yahoo! app with Summly – this quarter drove tremendous improvements in our product line and our users responded with increased usage and engagement.”
The Wall Street Journal’s Emily Chasan noted, “The surprise in Yahoo Inc. ’s second-quarter earnings may have been the company’s live video conference and real-time tweets. Breaking the staid tradition of executives huddled around a speakerphone, Yahoo Chief Executive Marissa Mayer and Chief Financial Officer Ken Goldman explained their quarterly results from a studio with wood paneling and exposed brick, soft lighting and a large flat-screen monitor behind them.”
RELATED NEWS AND ANALYSIS
-
Huawei’s AI Update: Things Are Moving Faster Than We Think
FEATURE |  By Rob Enderle,
December 04, 2020
-
Keeping Machine Learning Algorithms Honest in the ‘Ethics-First’ Era
ARTIFICIAL INTELLIGENCE |  By Guest Author,
November 18, 2020
-
Key Trends in Chatbots and RPA
FEATURE |  By Guest Author,
November 10, 2020
-
Top 10 AIOps Companies
FEATURE |  By Samuel Greengard,
November 05, 2020
-
What is Text Analysis?
ARTIFICIAL INTELLIGENCE |  By Guest Author,
November 02, 2020
-
How Intel’s Work With Autonomous Cars Could Redefine General Purpose AI
ARTIFICIAL INTELLIGENCE |  By Rob Enderle,
October 29, 2020
-
Dell Technologies World: Weaving Together Human And Machine Interaction For AI And Robotics
ARTIFICIAL INTELLIGENCE |  By Rob Enderle,
October 23, 2020
-
The Super Moderator, or How IBM Project Debater Could Save Social Media
FEATURE |  By Rob Enderle,
October 16, 2020
-
Top 10 Chatbot Platforms
FEATURE |  By Cynthia Harvey,
October 07, 2020
-
Finding a Career Path in AI
ARTIFICIAL INTELLIGENCE |  By Guest Author,
October 05, 2020
-
CIOs Discuss the Promise of AI and Data Science
FEATURE |  By Guest Author,
September 25, 2020
-
Microsoft Is Building An AI Product That Could Predict The Future
FEATURE |  By Rob Enderle,
September 25, 2020
-
Top 10 Machine Learning Companies 2020
FEATURE |  By Cynthia Harvey,
September 22, 2020
-
NVIDIA and ARM: Massively Changing The AI Landscape
ARTIFICIAL INTELLIGENCE |  By Rob Enderle,
September 18, 2020
-
Continuous Intelligence: Expert Discussion [Video and Podcast]
ARTIFICIAL INTELLIGENCE |  By James Maguire,
September 14, 2020
-
Artificial Intelligence: Governance and Ethics [Video]
ARTIFICIAL INTELLIGENCE |  By James Maguire,
September 13, 2020
-
IBM Watson At The US Open: Showcasing The Power Of A Mature Enterprise-Class AI
FEATURE |  By Rob Enderle,
September 11, 2020
-
Artificial Intelligence: Perception vs. Reality
FEATURE |  By James Maguire,
September 09, 2020
-
Anticipating The Coming Wave Of AI Enhanced PCs
FEATURE |  By Rob Enderle,
September 05, 2020
-
The Critical Nature Of IBM’s NLP (Natural Language Processing) Effort
ARTIFICIAL INTELLIGENCE |  By Rob Enderle,
August 14, 2020