yahoo to report earnings while wooing bidders
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

Yahoo to report earnings while wooing bidders

Arab Today, arab today

Arab Today, arab today Yahoo to report earnings while wooing bidders

Yahoo is poised to report quarterly earnings that could make it tougher to convince buyers the struggling Internet pioneer
San Francisco - AFP

Yahoo is poised to report quarterly earnings Tuesday that could make it tougher to convince buyers the struggling Internet pioneer is worth their interest.

A preliminary deadline for offers reportedly passed on Monday, and the status of bidding for Yahoo's core business was expected to be among questions fielded by chief executive Marissa Mayer during a briefing.

Consensus among analysts is that Yahoo revenue and earnings-per-share for the recently ended quarter will show double-digit percentage drops from the same period a year earlier.

BGC Partners analyst Colin Gillis questioned to what extent lackluster earnings would ramp up shareholder pressure on the company to sell assets or overhaul management.

While the online advertising industry is booming and Yahoo has spent billions of dollars on acquisitions, it is poised to post revenue declines, according Gillis.

"That's not a very good scorecard," he said. "That's the problem, and the company's strategy is three years into this."

Earlier this year, the company opened the door to a sale of its core operations at the same time that it was pursuing Mayer's efforts at revitalization.

But some shareholders are impatient, and one activist investment group has launched a bid to gain control of the Yahoo board, calling the transformation efforts a failure.

- Briefing buyers -

The California-based firm has been briefing prospective buyers, according to US media reports that indicated potential suitors included telecommunications titan Verizon, Google parent Alphabet and Time Inc.

While some buyers might be interested in Yahoo's core web business or parts of it, others may bid for stakes in Alibaba or Yahoo Japan.

Although Yahoo is one of the best-known names on the Internet and is used by around one billion people, it has fallen behind Google in web searches and has been steadily losing ground in online advertising.

Mayer joined Yahoo in mid-2012 as chief executive from Google, a result of a proxy war launched by an activist investor group.

While Mayer has injected some energy and glamour into the company, Yahoo's finances have failed to improve and its core operations are valued in the market as worthless, with the company's valuation propped up by its stakes in Alibaba and Yahoo Japan.

In February, Yahoo said it was cutting 15 percent of its workforce and narrowing its focus as it explored "strategic alternatives."

Yahoo, as well as Verizon and others reported to be considering bidding, declined to comment.

- Mayer's 'Mavens' -

Mayer has made priorities of what she refers to as "Mavens" -- mobile, video, native advertising and social media.

Research firm Trefis said in a note last month that while Yahoo has made progress in some areas, it "has not been able to capitalize on new web-trends in the past, namely social, local and mobile."

Global Equities Research analyst Trip Chowdhry, meanwhile, argued for returning control of Yahoo to co-founder and former chief Jerry Yang, who is credited for the company's winning stake in Chinese Internet colossus Alibaba.

Industry tracker eMarketer forecast that digital ad revenue taken in this year at Yahoo will fall nearly 14 percent to $2.83 billion while money raked in by Silicon Valley rivals Google and Facebook will rise.

"As Yahoo trims its legacy business to focus on its so-called Mavens, we expect the company to shrink in size relative to its competitors," said eMarketer analyst Martin Utreras.

"A leaner Yahoo, more focused on its core growing segments, will still face stiff competition in an ever more crowded and sophisticated market."

 

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*

yahoo to report earnings while wooing bidders yahoo to report earnings while wooing bidders

 



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*

yahoo to report earnings while wooing bidders yahoo to report earnings while wooing bidders

 



GMT 09:16 2017 Wednesday ,13 December

Cape wearing tips

GMT 20:49 2017 Monday ,21 August

South Asia floods claim more than 750 lives

GMT 19:06 2016 Saturday ,10 December

IOF Close Al-Nabi Saleh Village's Entrance

GMT 18:01 2017 Wednesday ,22 February

Abu Sayyaf ‘likely’ behind Vietnam freighter attack

GMT 06:41 2017 Sunday ,03 December

Hamas threatens 'intifada' over US moves on Jerusalem

GMT 16:17 2017 Saturday ,21 January

BMW 7 series crosses 5,000 unit mark in 2016

GMT 12:17 2016 Wednesday ,24 February

United Technologies nixes Honeywell merger

GMT 23:37 2017 Monday ,31 July

Saudi Arabia sanctions Hezbollah member

GMT 05:45 2018 Saturday ,29 September

Abdullah bin Zayed hosts official reception in New York

GMT 04:12 2018 Friday ,12 January

Saudi-led coalition says Yemen rebels threat

GMT 11:18 2014 Monday ,22 December

Richard Ward adds to The Chelsea Collection
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

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday