Yahoo expects 2016 revenue to drop about 15 percent: Re/code
April 7, 2016 6:09 am
Yahoo Inc. expects its 2016 revenue to fell about 15%, and earnings over 20%, Re/code reported on Wednesday, citing a Yahoo document.
Recode said the financial situation at Yahoo is becoming more terrible.
The internet company also expects its employee count to decline to about 9,000 at the end of 2016, from 10,500 in 2015, but stock-based compensation remains steady, the website said.
The company expects 2016 revenue, backing out traffic acquisition costs, of $3.5 billion in 2016 and earnings before depreciation, taxes and amortization of $750 million, Re/code said.
The material has been provided by InstaForex Company – www.instaforex.com
Yahoo Inc. expects its 2016 revenue to fell about 15%, and earnings over 20%, Re/code reported on Wednesday, citing a Yahoo document.
Recode said the financial situation at Yahoo is becoming more terrible.
The internet company also expects its employee count to decline to about 9,000 at the end of 2016, from 10,500 in 2015, but stock-based compensation remains steady, the website said.
The company expects 2016 revenue, backing out traffic acquisition costs, of $3.5 billion in 2016 and earnings before depreciation, taxes and amortization of $750 million, Re/code said.
The material has been provided by InstaForex Company – www.instaforex.com
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