Ouch.Ġ:00 / 1:25 Andreessen: Yahoo's new CEO has work to doĭuring the company's heyday in the 1990s and early 2000s, Yahoo's biggest asset was its search engine. Yahoo's market capitalization currently sits at $19 billion. Yahoo's Asian assets are worth $20.5 billion, according to Yahoo's latest financial report: $14 billion for its 40% ownership stake in Chinese e-commerce site Alibaba and $6.5 billion for the company's 35% share of Yahoo Japan.
The rest of the Yahoo - according to investors, anyway - is more or less considered scrap. Profit is going in the wrong direction: Yahoo earned $229 million during the quarter, down 4% from the same period a year ago.ĭespite all of its Web traffic, Yahoo's market value is basically on par with the value of its Asian assets. That's nowhere near the level of growth expected of one of the most-visited websites in the world. Excluding advertising sales that Yahoo shares with partners, a figure also known as traffic acquisition costs, the company reported revenue of $1.1 billion, even with last year's results and just shy of Wall Street analysts' expectations. Yahoo's sales were essentially flat last quarter at $1.2 billion. That's the mess that Mayer is taking over. The story is the same as it has been for years: The Web portal/digital media/technology/e-commerce and everything-else-in-between company just can't seem to find its footing.
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