New Yahoo CEO Marissa Mayer skips earnings call

17.07.2012

On the earnings call, Yahoo said its search and advertising alliance with Microsoft continued to underperform. Under the , the companies collaborate on search and share advertising revenue. Microsoft had not made "an encouraging amount of progress" to boost Yahoo's revenue per search, Morse said.

A round of layoffs initiated under Thompson's leadership cost Yahoo US$88 million in severance payments this quarter, according to Morse.

The IDG News Service