Yahoo announced today that the company brought in $1.266 billion in revenue during the fourth quarter of 2013, a 6 percent decrease from the same period a year ago. However, the company reported earnings of 46 cents per share, up 31 percent from the year-ago quarter, and profit of $482 million, up 17 percent year-over-year.
According to Thomson Reuters’s survey of analysts, Yahoo beat estimates that projected the company’s revenue would hit $1.201 billion, and beat estimates of earnings of 38 cents per share.
Display ad revenue, minus traffic acquisition costs, dropped 6 percent year-over-year to $491 million, while search revenue minus traffic acquisition costs hit $461 million, an increase of 8 percent from the year-ago quarter.
Revenue remained roughly flat in the Americas year-over-year, but fell everywhere else. That said, Yahoo’s overseas holdings are still good news for the company, which values its stake in China’s Alibaba group at $8.1 billion, and its stake in Yahoo Japan at almost $11.3 billion.
Despite the company’s lack of growth, Yahoo CEO Marissa Mayer was upbeat about the company’s results.
“I’m encouraged by Yahoo’s performance in Q4 and 2013 overall. We saw continued stability in the business, and our investments allowed us to bring beautiful products to our users and establish a strong foundation for revenue growth,” she said in a press release. “In Q4, we launched the new Yahoo Mail, Yahoo Finance, and our new Flickr photo books, while quickening our pace of experimentation. We are extremely heartened by the year-over-year traffic increase we experienced in 2013, an early sign of return on our investments and the acquisitions we’ve made.”
Yahoo’s guidance for next quarter points to very slight growth, in line with analyst estimates.
As of this writing, Yahoo’s stock price is down 5 percent in after-hours trading.
Here’s a look at the company’s financial results: