Research News United States

Subscribe

Advertise your job ad
    Search jobs

    Yahoo! shares gain as it tops Web traffic

    NEW YORK CITY, US: Yahoo! shares powered higher Thursday after a survey showed the struggling Internet giant topped a survey for US Web visitors for the first time since 2011. In late morning trade, Yahoo! was up 2.99% at US$27.87.
    Yahoo! shares gain as it tops Web traffic

    The comScore survey showed Yahoo edged past Google with 195.6 million unique US Web visitors. It was the first time Yahoo was on top since May 2011. The figures exclude Yahoo's newly acquired Tumblr blog sites.

    The report provides a modest victory for Yahoo chief executive Marissa Mayer, who moved from Google a year ago. However, Yahoo still trails Google in revenues and advertising, particularly in the key search segment.

    A comScore survey earlier this month on search engines showed Google on top with a commanding 67% market share, followed by Microsoft with 17.9%, and Yahoo in third place with 11.3%. Still, Paul Ausick at 24/7 Wall Street said the new figures are significant.

    "The rankings are worth more than just bragging rights, too," he said.

    "Yahoo has taken over the top spot in comScore's Ad Focus rankings as well with an 87.2% reach. That means that a page owned by a Yahoo site was viewed by 87.2% of the 225 million total Web visitors in July.

    "That is well ahead of Google's 80.6% reach. And that translates into higher ad rates and more revenue for Yahoo."

    Last month, Yahoo said its second-quarter profit rose sharply from a year ago, but revenues lagged. Net profit rose 46% from a year ago to US$331m, slightly better than expected, but revenues excluding payments to partners fell one% to US$1.07bn.

    Since taking over, Mayer has been on a buying spree, and has also sold shares in China's Alibaba to boost its cash. Its most publicised deal was a billion-dollar acquisition of the blogging platform Tumblr, expected to help bring a younger audience to Yahoo.

    Source: AFP, via I-Net Bridge

    Source: I-Net Bridge

    For more than two decades, I-Net Bridge has been one of South Africa’s preferred electronic providers of innovative solutions, data of the highest calibre, reliable platforms and excellent supporting systems. Our products include workstations, web applications and data feeds packaged with in-depth news and powerful analytical tools empowering clients to make meaningful decisions.

    We pride ourselves on our wide variety of in-house skills, encompassing multiple platforms and applications. These skills enable us to not only function as a first class facility, but also design, implement and support all our client needs at a level that confirms I-Net Bridge a leader in its field.

    Go to: http://www.inet.co.za
    Let's do Biz