First Thing, Daily Maverick's flagship newsletter

Join the 230 000 South Africans who read First Thing newsletter.

A South African Hero: You

There’s a 99.7% chance that this isn’t for you. Only 0.3% of our readers have responded to this call for action.

Those 0.3% of our readers are our hidden heroes, who are fuelling our work and impacting the lives of every South African in doing so. They’re the people who contribute to keep Daily Maverick free for all, including you.

We need so many more of our readers to join them. The equation is quite simple: the more members we have, the more reporting and investigations we can do, and the greater the impact on the country. We are inundated with tip-offs; we know where to look and what to do with the information when we have it – we just need the means to help us keep doing this work.

Be part of that 0.3%. Be a Maverick. Be a Maverick Insider.

Support Daily Maverick→
Payment options

Yahoo! – the profits are back!

Defend Truth

Yahoo! – the profits are back!

After Google’s results pleased the markets very much last week, analysts were closely watching Yahoo!’s results on Tuesday, looking to confirm the recovery trend. And although not nearly as stellar as Google, Yahoo! didn’t disappoint either: it managed to beat analysts' expectations and showed that growth in Internet advertising may be on its way back. Yahoo! earned $186 million in the 3rd quarter (big jump on the same period last year) on the gross revenue of $1.58 billion (down 12%). It made more profits from the sale of its stake in, a huge Chinese commerce site, and from greater efficiency (read: lay-offs). Its display advertising revenue was down 8% and search revenue dropped 19%, but the prices it was charging for ads were up 32% since earlier this year. The higher prices and expectation that the overall online advertising will jump 5.9% in 2010 gave the markets a very warm feeling that recovery is on its way. Read more: BusinessWeek


Please peer review 3 community comments before your comment can be posted