Yahoo Earnings Fall…Are You Surprised?

photo credit: Thomas Hawk

Back in October I posted a real life example of why Google is killing Yahoo. This week, unsurprisingly, Yahoo had earnings that disappointed.

Fourth-quarter earnings fell 24% to $205m (£103m) - the eighth successive drop - and full-year profits fell 13% to $660m. “While we continue to face headwinds this year, we believe that the moves we are making will help us exit 2008 stronger and more competitive,” said chief executive Jerry Yang.

Yahoo is expected to cut up to 7% of its 14,000-strong workforce. Its shares fell 10% in after-hours trading.

It’s been several months since I applied to the Yahoo Publisher Network, and my business is still not approved. There is no excuse for that. If you are a Yahoo shareholder, you should be pissed. Don’t forget, Google’s revenue from their publisher network is nearly equal to Yahoo’s entire company revenue! Seriously Yahoo, why haven’t you opened the floodgates for publishers into YPN?

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