Yahoo’s quarter net profit of 223 million down 28% year on year

April 20 news release today, Yahoo ended March 31, 2011 the company’s first quarter earnings. Showed a profit, according to the U.S. General Accounting Standards (GAAP) basis, Yahoo’s first-quarter revenue reached 1.214 billion U.S. dollars, down 24% year on year; operating profit of 1.9 billion U.S. dollars, up by 1%; Yahoo’s quarter net profit of 223 million, down 28% year on year; USD 0.17 per diluted share, down 23% year on year.
Under U.S. GAAP, non-universal standard (Non-GAAP) basis, Yahoo’s first quarter, excluding traffic acquisition costs (Revenue ex-TAC) of the total revenues of $ 1,064,000,000, compared with 1.13 billion U.S. dollars last year fell by 6%. Calculated according to GAAP standards, Yahoo quarter revenue of 12.14 billion U.S. dollars, down 24%. Revenue decline was mainly due into the search business with Microsoft.
Yahoo’s quarterly operating profit of 1.9 billion dollars, 188 million last year rose 1%.
Yahoo’s quarter net profit of 223 million, compared with 3.1 billion last year fell 28%. Flat net profit of $ 0.17 per share, compared with last year’s $ 0.22 down 23%. Sectoral impacts due to Yahoo Japan and Yahoo in equal shares fell $ 0.02 earnings per share.
Yahoo CEO Carol Bartz (Carol Bartz) said, "We are working to ensure a stable revenue to Yahoo and profit growth. During the quarter, we broke the median expected revenue. We continue to expand in the digital media leadership in the field, and plans to brand value increased by 15%, the user browsing long increased by 17%. "
Business income
Yahoo’s first quarter, excluding the cost of traffic received (ex-TAC) display advertising revenue was 471 million over last year’s 427 million rose 10%.
Calculated in accordance with GAAP, display advertising revenue is 5.23 billion dollars, 491 million last year rose 6%.
Received the first quarter excluding the cost of traffic (ex-TAC) search revenue was 3.57 billion dollars, 440 million U.S. dollars last year fell 19%.
Calculated in accordance with GAAP, the search reached 455 million revenue, compared with $ 841,000,000 last year, down 46%.
Cash flow and cash balance
Yahoo’s first quarter operating cash flow of 2.08 billion dollars, 144 million last year rose 45%.
Free cash flow for the first quarter of $ 59,000,000, compared with $ 65,000,000 last year fell 7%.
As of March 31, 2011, Yahoo’s cash, cash equivalents, bonds amounted to $ 3,528,000,000, $ 3,629,000,000 the previous quarter and down 101 million. In the first quarter of 2011, Yahoo buy back 137 million to 800 million shares.
Business Outlook
Excluding the cost of traffic received, Yahoo second-quarter 2011 revenue of 10.75-11.25 million. Search in accordance with the Microsoft co-signed the agreement, Microsoft access to Yahoo’s site by the 12% of revenue. Calculated in accordance with GAAP, Yahoo second-quarter revenue is expected to reach 12.3-12.9 million. Total expenditure (including cost of revenues and operating expenses) will reach 10.7-11 million. Received, excluding the cost of traffic, Yahoo is expected to reach the second quarter of the total expenditure 9.15-9.35 billion. Second quarter operating profit is expected to reach 1.6-1.9 billion U.S. dollars between