Skip to content
Subscriber Only

Yahoo’s Mayer Still Chasing Growth in Fourth Year of Turnaround

Updated on

Yahoo! Inc. Chief Executive Officer Marissa Mayer, well into her fourth year at the helm, is still stumbling in her efforts to turn around the ailing Web portal.

The company on Tuesday reported its biggest quarterly sales drop since 2009 and gave a fourth-quarter revenue forecast that missed analysts’ estimates. Yahoo also said the planned spinoff of its stake in Chinese e-commerce company Alibaba Group Holding Ltd. may not be completed until January, later than a prior target of year’s end.