Arab Today, arab today yahoo profits rise but sales dip as rivals dent market
Last Updated : GMT 08:31:11
Arab Today, arab today
Arab Today, arab today

Yahoo profits rise but sales dip as rivals dent market

Arab Today, arab today

Arab Today, arab today Yahoo profits rise but sales dip as rivals dent market

London - Arabstoday

Yahoo has reported a dip in its revenue for the second quarter due to weaker-than-expected advertising sales. The company said it generated $1.08bn (£670m) in revenue in the three months to June, a 4.6% decline compared to the same period last year. The data comes as Yahoo has been facing increasing competition from rivals Google and Facebook. However, despite a drop in revenue, Yahoo said its profits rose by 11% from a year ago to $237m. Carol Bartz, the chief executive of Yahoo said the second quarter was a \"mix of good, encouraging and, at the same time, unsatisfactory\" developments. \"The issue was we did not have enough sales people in front of the big clients,\" she said. Increased competition from its rivals is the not the only issue that Yahoo has had to deal with. In May, it suffered a big setback in China after the internet company Alibaba, in which Yahoo has a 43% stake, transferred one its key assets, Alipay, to a company controlled by its founder ,Jack Ma. Yahoo shares have fallen more than 20% since then because investors are worried that it may have lost out on one of Alibaba\'s key businesses. The company has assured its backers that it is trying to resolve the issue. \"We have been working on this negotiation continuously, in fact daily,\" said Ms Bartz. However, analysts said the latest data indicated that Yahoo will find it tough to turn things around soon. \"They are trying to fix a lot a problems that do need to be fixed, but unfortunately as they are fixing those problems, new ones are popping up,\" said Ben Schachter of Macquire Research. \"At the end of the day it\'s another disappointment,\" he added. From BBC

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today yahoo profits rise but sales dip as rivals dent market Arab Today, arab today yahoo profits rise but sales dip as rivals dent market

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today yahoo profits rise but sales dip as rivals dent market Arab Today, arab today yahoo profits rise but sales dip as rivals dent market

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today How to do your own Ramadan corner?

GMT 15:53 2017 Saturday ,27 May

How to do your own Ramadan corner?
View News in Arabic - Business: قضايا ساخنة
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday