International: Yahoo Earnings Beat Wall Street Targets
NEW YORK (AdAge.com) -- Yahoo's first-quarter earnings were good enough to trump Wall Street estimates. Now the question is whether they're good enough to get Steve Ballmer & Co. to bump the price they're willing to pay for Yahoo.

NEW YORK (AdAge.com) -- Yahoo's first-quarter earnings were good enough to trump Wall Street estimates. Now the question is whether they're good enough to get Steve Ballmer & Co. to bump the price they're willing to pay for Yahoo.
For first-quarter 2008, net income notched $542.2 million, or 37 cents a share, up from $142.4 million, or 10 cents a share, in first quarter 2007.
The Street was expecting Yahoo's revenue, minus traffic acquisition costs, to hit $1.32 billion and earnings per share of 9 cents; Yahoo delivered $1.35 billion and earnings per share of 11 cents.
Proprietary profits
Marketing-services revenue was $1.57 billion, a 7% increase over the same period the prior year. Incidentally, the biggest improvement came from Yahoo's owned-and-operated sites, where marketing-services revenue rose 18% to $966 million; marketing-services revenue on Yahoo's affiliate sites decreased 7%.
Yahoo executives admitted to some weakness in both search and display in the financial, travel and retail categories, with slower growth rates and, in some cases, modest declines. But, they asserted, other categories' growth has made up for it.
"The quarter's results underscore the fact that our strategy and investments are beginning to pay off," said CEO Jerry Yang. The results, he claimed, were "more remarkable" because they came despite a harsh economic environment and uncertainties stemming from Microsoft's announcement Feb. 1 that it would launch an unsolicited bid for Yahoo. Yahoo's board has since rejected the offer, believing it "substantially undervalues" the company.
Mr. Yang addressed the bid on the earnings call, saying Yahoo has accelerated its innovation and gained traction in 2007 and believes that will continue. The board is open "to any and all alternatives, including a sale to Microsoft. We engage with major stockholders to highlight the value of our unique assets and have been expeditiously exploring strategic alternatives that we believe will help us achieve our overarching goal of maximizing stockholder value," he said.
Display ads surge
Display-ad revenue was a bright spot, Mr. Yang said, and both on and off Yahoo's network grew 25% year-over-year. Additionally, Yahoo is still improving its search-monetization rate -- President Sue Decker said the revenue Yahoo makes on each search was up about 15% globally year-over- year.
Yahoo reiterated several of its points of focus. It has been narrowing its content properties and services to those that are so-called starting points on the web -- areas like search, e-mail and important verticals such as finance and news.
Yahoo has also been opening its platform so that third-party developers can create applications to run on Yahoo -- Ms. Decker said Yahoo would this quarter open up its search interface to developers so they can innovate on top of search. "As a result, users will soon enjoy search results as rich and dynamic as businesses and the community of developers can make them," she said.
She also reiterated the importance of building out an ad platform, saying that by making it easier for marketers to move ad dollars online, it would increase demand for inventory and create higher yields for publishers including, of course, Yahoo.
"Rather than working exclusively to sell our own ad inventory, we are focused on making it easier for advertisers, agencies, publishers and ad networks to do business with Yahoo and with one another at a scale across the entire spectrum of online advertising," she said.On the staffing front, Yahoo's headcount dropped by about 500 to 13,800 employees during the first quarter; its 600 new hires were offset by layoffs resulting from a "workforce realignment."
Source: AdAge.com
Read more news about (internet advertising India, internet advertising, advertising India, digital advertising India, media advertising India)
For more updates, be socially connected with us onInstagram, LinkedIn, Twitter, Facebook Youtube & Whatsapp
E4M Our strategy is to target younger audiences through Sports: Rajiv Dubey, Dabur
The Head of Media at Dabur India spoke exclusively to exchange4media on the World Cup, associating with Indian Idol, the company’s digital spending and much more
With quirky campaigns, memes and moment marketing, timed with the ongoing World Cup and particularly the India-Pakistan matches, Dabur India has got considerable consumer attention for its popular brands – Red Paste, Cool King Hair Oil, Chyawanprash, Dabur Vita and the recently launched Bae Fresh Gel toothpaste.
The 140-year-old company is going big on key sporting events, World Television Premiere (WTP) movies and reality shows. It is now gearing up to become the title sponsor of popular talent show ‘Indian Idol’ on Sony TV for the first time, shared Rajiv Dubey, who leads the media strategy at Dabur.
Read more news about (internet advertising India, internet advertising, advertising India, digital advertising India, media advertising India)
For more updates, be socially connected with us onInstagram, LinkedIn, Twitter, Facebook Youtube & Whatsapp
Swapan Seth's new book 'COOL' is out
The book is a reflection of the author's 'eclectic taste across categories'
Advertising professional and art collector Swapan Seth has announced the launch of his new book COOL. The book is described as "a ready reckoner to the hip and the happening, of the known and the very unknown."
The book is a reflection of the author's "eclectic taste across categories: from boltholes to exotic hideaways."
COOL has been published by Simon & Schuster India and is available on Amazon.
Seth is an ad veteran with a long and illustrious career in the industry. He became the youngest-ever Creative Director at Clarion at age 24. He was VP at 26 at Trikaya Grey. Two years later, he started his agency Equus.
He writes for publications such as The Economic Times, Hindustan Times and India Today. This is his second book and he has previously published THIS IS ALL I HAVE TO SAY.
Read more news about (internet advertising India, internet advertising, advertising India, digital advertising India, media advertising India)
For more updates, be socially connected with us onInstagram, LinkedIn, Twitter, Facebook Youtube & Whatsapp
Disney Star signs 9 sponsors for Asia Cup PAK
Charged by Thums Up, Nerolac Paint+, Amazon Pay, Jindal Panther, My11Circle, MRF, Samsung Galaxy Z Flip5, Wild Stone and Thums Up come on board
e4m Staff Disney Star has signed nine broadcast and digital streaming sponsors for the upcoming Asia Cup.
Charged by Thums Up, Nerolac Paint+, Amazon Pay, Jindal Panther, My11Circle, MRF, Samsung Galaxy Z Flip5, Wild Stone and Thums Up have come on board for the upcoming tournament.
As reported earlier by exchange4media, Disney Star has sought Rs 26 crore for the co-presenting sponsorship on TV and Rs 30 crore for Disney+ Hotstar.
According to industry sources, the associate sponsorship on Star Sports has been priced at Rs 19.66 crore, whereas for the ‘powered by’ sponsorship on Disney+ Hotstar, the broadcaster is seeking Rs 18 crore.
As per the information available with exchange4media, Disney+ Hotstar has three sponsorship tiers-- co-presenting (Rs 30 crore), powered by (Rs 18 crore) and associate sponsorship (Rs 12 crore). The broadcaster is offering an estimated reach of 120-140 million for co-presenting sponsors, 90-100 million for powered by and 60-70 million for associate sponsorship.
A spot buy for 10 seconds has been priced at Rs 25 lakh for the India vs Pakistan matches, while for the non-India matches, the ad rate for 10 second is Rs 2.3 lakh. The India matches plus the final for ODIs has been priced at Rs 17 lakh per 10 seconds.
Asia Cup is scheduled to be held from 30 August, 2023, to September 17, 2023.
Read more news about (internet advertising India, internet advertising, advertising India, digital advertising India, media advertising India)
For more updates, be socially connected with us onInstagram, LinkedIn, Twitter, Facebook Youtube & Whatsapp
Sorted 360 wins creative & social media mandate of Reliance Mall
The agency will manage offline and online campaigns for Reliance Mall
Sorted 360, an integrated creative and social media agency, has won the mandate to providing brand solutions for Reliance Malls across India.
“Sorted 360 is set to enhance Reliance Malls' market presence with their unparalleled creative prowess and strategic thinking,” read a press release.
“Sorted 360's commitment to pushing the boundaries of creative communication aligns perfectly with Reliance Malls' ethos. With a pan-India presence spanning across 19 cities and growing, Reliance Malls has consistently captivated customers by offering an array of Reliance brands and third-party fashion & lifestyle brands. The mall has established an unparalleled connection with its patrons through superior quality, a remarkable value proposition, and an unmatched shopping experience,” it read further.
"We are thrilled to welcome Sorted 360 as our trusted partner in advancing our brand presence across the nation," said the Head of Marketing at Relaice Malls. "Their proven expertise in retail, shopping center management, and innovative creative strategies make them the perfect fit for our vision."
"Partnering with Reliance Malls is a testament to our commitment to shaping extraordinary brand experiences," remarked Prerana Anatharam, Co-founder of Sorted 360. "We are excited to leverage our strategic and creative acumen to further elevate Reliance Malls as the epitome of convenience, choice, and excellence."
Read more news about (internet advertising India, internet advertising, advertising India, digital advertising India, media advertising India)
For more updates, be socially connected with us onInstagram, LinkedIn, Twitter, Facebook Youtube & Whatsapp
test
test
test
Read more news about (internet advertising India, internet advertising, advertising India, digital advertising India, media advertising India)
For more updates, be socially connected with us onInstagram, LinkedIn, Twitter, Facebook Youtube & Whatsapp
test
test
test
Read more news about (internet advertising India, internet advertising, advertising India, digital advertising India, media advertising India)
For more updates, be socially connected with us onInstagram, LinkedIn, Twitter, Facebook Youtube & Whatsapp
KlugKlug onboards Hemang Mehta as Country Manager for Indias
Mehta was most recently Head of Agency Relationships at Network 18 Media & Investments
KlugKlug has appointed Hemang Mehta as its Country Manager for India.
Mehta will play a pivotal role in driving KlugKlug's growth and expansion within the Indian market and be responsible for Sales & GTM Strategy
Prior to that, he has also represented organisations like Exponential (now VDX.tv), India Today Digital and Rediff.com. His expertise spans various domains including digital media sales, mobile marketing, media planning, and buying, social media marketing, and more.
Hemang Mehta expressed his enthusiasm about joining KlugKlug, saying, "I am thrilled to be a part of KlugKlug, a forward-thinking platform that is reshaping the influencer marketing landscape. As much as I look forward to collaborating with the exuberant team at KlugKlug, I am super excited to interact with the brands to deliver powerful data-backed Influencer solutions that will guarantee business outcomes."
Commenting on the appointment, Kalyan Kumar, Co-Founder and CEO of KlugKlug, stated, "We are excited to welcome Hemang Mehta to our team as the Country Manager for India. His extensive experience in digital media sales and marketing will be instrumental in driving our efforts to provide influencer marketing solutions to our clients. We believe Hemang's leadership will be key in scaling our operations and expanding our reach within the Indian market."
Read more news about (internet advertising India, internet advertising, advertising India, digital advertising India, media advertising India)
For more updates, be socially connected with us onInstagram, LinkedIn, Twitter, Facebook Youtube & Whatsapp