For the fiscal fourth quarter, Yahoo reported a revenue beat and in-line earnings per share, but it is guiding for fiscal-first-quarter revenue and EPS to be materially below consensus.
The deteriorating environment that Yahoo is seeing is likely prompting the more radical moves such as its openness for sale and the large headcount reduction. Our sum-of-the-parts-model shows that Alibaba Group Holding ( BABA ) is currently about 60% of the stock’s value, Yahoo! Japan is about 12% of the stock’s value, and cash is 14%.
2016 new strategy for Yahoo! Internet firm Yahoo has shut down its video hub Yahoo Screen after the website failed to attract viewers. The closure is part of the company’s efforts to cut costs as chief executive Marissa Mayer tries to make it profitable.
Ms Mayer redesigned Yahoo Screen 16 months ago to make it a competitor to YouTube and Netflix and more accessible to mobile users.
Yahoo! has unveiled new features for its mobile search. The company announced that it will be supporting AMP (accelerated mobile project) news sites and adding features such as Twitter integration and new Yahoo Search features.
The company said in a statement that the changes will help to provide users with immediate answers and discover related information.
Both Yahoo! and Microsoft are continuing to nibble away at Google’s massive search market share, according to the latest figures released by ComScore, aided by millions of dollars in spending and growing digital footprints.
In November 2015, Google’s market share was 64%, compared with 21% for Microsoft and 12.5% for Yahoo. That’s a slight dip for Google from the month a year earlier, when it had 67% share, and a slight improvement for Microsoft, up from 19.5%, and Yahoo, up from 10.3%.
Verizon emerged Monday as a possible bidder for Yahoo’s core businesses, from search to media and advertising. If the telecom giant gets serious about buying Yahoo, the deal could turn Verizon into a network and media mogul — especially after closing the sale of AOL in June for an estimated $4.4 billion.
Big changes may be coming for Yahoo as the company’s board meets this week and reportedly considers a plan to sell the company’s core business — the search and advertising divisions of the 20-year-old company that have been wilting in the shadow of rivals such as Google and Facebook.
But the proposal, as radical as it sounds, is being precipitated by a relatively mundane financial issue: taxes.