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Yahoo Q1 revenue misses analysts' forecasts

Sales decline 4% as new channels, partners and content deals fail to bring in users, advertisers

Published Wed, Apr 22, 2015 · 09:50 PM
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San Francisco

YAHOO! Inc's first-quarter revenue fell short of analysts' estimates, underlining chief executive officer Marissa Mayer's challenge in attracting advertisers even as the Web portal adds content and signs new partners.

Sales, excluding revenue shared with partner websites, fell 4 per cent to US$1.04 billion, missing analysts' average prediction of US$1.06 billion, according to data compiled by Bloomberg. Profit before some costs was 15 cents a share, the company said on Tuesday in a statement, compared with projections for 18 cents.

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