SAN FRANCISCO (AP) – Yahoo! CEO Marissa Mayer says the Internet company now has about 800 million worldwide users, a 20 percent increase since she was lured away from Google 15 months ago to steer a turnaround.
The gain disclosed Wednesday at a technology conference in San Francisco is the latest evidence of the progress that Yahoo! Inc. is making under Mayer’s leadership. The Sunnyvale, Calif., company’s stock has nearly doubled since Mayer came aboard, though she and analysts say that gain primarily stems from the value of Yahoo!’s holdings in China’s rapidly growing Alibaba Group.
Mayer says the figure for the 800 million Yahoo! users doesn’t include the traffic that the company has picked up from its $1.1 billion acquisition of Internet blogging service Tumblr earlier this year.
Despite the increased traffic, Yahoo! is still struggling to boost its online advertising revenue — the main way that the company makes money. In recent quarters, Yahoo!’s ad revenue has been barely rising while Google and another rival, Facebook Inc., have been thriving.
Mayer says she believes it her strategy for accelerating Yahoo!’s revenue growth will require at least three years to unfold.
Yahoo!’s stock shed 29 cents Wednesday to close at $29.19.
(© Copyright 2013 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)
- Vegan Brisket? It’s A Thing!
- Dallas Officer, Military Service Members Receive Vehicle Donations
- El Paso Police Searching For Convicted Sex Offender
- GCISD Unveils $18M Improvements Plan For Football Stadium
- Baby Partially Removed From Womb For Surgery, Then Put Back
- Greyhound Passengers Complain Sick Rider Allowed To Stay On Bus
- Carroll ISD Opting Out Of Federal Lunch Program
- TCU College Freshman Is Just 11 Years Old
- Guyer High School Football Player Remembered
- City Of Fort Worth Demolished Wrong Home For A Second Time