Tuesday, May 7, 2013

YHOO,MSFT: In addition to sharing Alibaba's Q4...

1:04 PM In addition to sharing Alibaba's Q4 performance, Yahoo (YHOO +3.5%) discloses in its Q1 10-Q Microsoft (MSFT -1.1%) has extended its revenue guarantee deal for Yahoo Search for a year. Yahoo sounded pessimistic about a renewal last month, and Marissa Mayer has been critical of the performance of the Microsoft deal, but Microsoft still needs Yahoo's traffic, a Yahoo/Google deal would raise antitrust concerns, and (as Mayer can vouch) building a home-grown search engine wouldn't be cheap. Also disclosed: Yahoo Japan (35% stake) posted Q4 revenue of $1.2B (+12% Y/Y), and net income of $343M. Read comments

YHOO price at time of publication: $26.04. Check YHOO price now »

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