Yahoo’s remorseless revenue slide continues unabated
Dwindling internet goliath Yahoo has seen its revenues contract yet again as the former internet darling reviews its options amidst interest from a number of potential suitors, including the Daily Mail.
Over the latest quarter Yahoo posted $99m loss on the back of an 11.6 per cent fall in revenues to $1.08bn between January and March versus the same period a year earlier.
Nevertheless these numbers weren’t as bad as some had feared, potentially acting as a fillip for the firm ahead of a Monday deadline for interested parties to bid for its internet arm.
Chief executive Marissa Mayer commented: "Our 2016 plan is off to a solid start as we continue to focus on driving efficiency, lowering costs, and improving long-term growth.
"In tandem, we made substantial progress towards potential strategic alternatives for Yahoo."
The Daily Mail General Trust, Verizon, YP Holdings and private equity firm TGP have all expressed interest in acquiring the business.