DHAKA: Yahoo! reported fourth-quarter revenues down 6 percent year-on-year to USD 1.266 billion.

Excluding traffic acquisition costs, revenue fell 2 percent to USD 1.200 billion, in line with the company’s outlook.

Display revenue fell 6 percent to USD 553 million, as lower prices offset higher volumes, and search revenue dropped 4 percent to USD 464 million, also suffering from lower prices per click.

Adjusted EBITDA came in better than expected, down 6 percent from a year ago to USD 478 million, compared to Yahoo’s forecast of USD 400-420 million.

Adjusted operating profit fell to USD 330 million from USD 340 million, ahead of the guidance of USD 24-260 million. Yahoo’s net profit increased to USD 348 million or 33 cents a share, from USD 272 million or 23 cents a share in Q4 2012, helped by a USD 49 million net gain from the sale of patents.

The company also confirmed a range of acquisitions in the quarter, including Aviate (ThumbsUp Labs), PeerCDN (Instant IO), Evntlive, Ptch, SkyPhrase, LookFlow, Bread Labs and Hitpost, on which it spent USD 60 million.

The group finished the quarter with USD 5 billion in cash, down by USD 1 billion from a year earlier.

For the first quarter, Yahoo forecast revenue of USD 1.12-1.16 billion, adjusted EBITDA of USD 290-330 million and adjusted operating profit of USD 130-170 million, reports telecompaper.com.

BDST: 1650 HRS, JAN 29, 2014