It’s been an intense couple of weeks at Yahoo! It has been about two weeks since Scott Thompson was hired as the CEO of Yahoo! and Jerry Yang stepped down completely from the company. Yesterday the company announced their quarterly results and it turns out that they saw a revenues loss from the year before.
Yahoo!’s revenue from dropped to $1.169 billion from $1.205 billion the year before. However income from operations increased 10% to $242 million this year versus $220 million the year before.
Revenue for the full year ended December 31, 2011 was $4.381 billion, which is a 5% decrease from the same period in 2010. The decrease was primarily due to the revenue sharing agreement with Microsoft. Income from operations from the year increased 4% to $800 million compared to $773 million in 2010.
“Yahoo! continued to make progress in the quarter with operating income increasing ten percent year over year,” stated Scott Thompson, Yahoo! CEO. “In 2012 we will be aligning resources behind key areas of focus to enable us to move aggressively in market and grow our business, bringing innovative new products and experiences to both our users and advertisers.”