Yahoo’s Mayer Fails to Revive Growth 18 Months Into Job
This article is for subscribers only.
Yahoo! Inc. Chief Executive Officer Marissa Mayer has failed to spur growth at the Web portal 18 months after taking the job -- and the outlook isn’t improving as advertisers continue spending their money elsewhere.
First-quarter sales, excluding revenue passed to partner sites, will be $1.06 billion to $1.1 billion in the current quarter, the Sunnyvale, California-based company said yesterday in a statement. The middle of that range would represent growth of less than 1 percent from $1.07 billion a year earlier.