TECHNOLOGY; Yahoo Gains in Income, Aided by Internet Dating Service

A few hot times has spiced up the otherwise bleak company at Yahoo.

While marketing revenue will continue to decline for Yahoo, the major Web portal, cost earnings, particularly from the quickly growing online personals service, is getting back together the huge difference.

The business’s income when you look at the very first quarter ended up being $192.7 million, up 7 %. Excluding revenue from HotJobs, the internet site that is help-wanted Yahoo purchased in February, the business’s product product sales had been really flat using the $180 million it posted per year early in the day and somewhat in front of analysts’ objectives.

Yahoo lost $53.6 million into the quarter, mostly due to a $64 million fee linked to alterations in accounting.

Excluding that cost, the business received $10.5 million, contrary to a loss in $11.5 million within the duration a year early in the day. The revenue equals 2 cents a share, matching analysts’ forecasts.

”No bad news is very good news for Yahoo,” stated Safa Rashtchy, an analyst at U.S. Bővebben