Yahoo's latest quarterly report shows CEO Marissa Mayer is still having trouble bringing in more revenue as online advertisers spend more money at Google and other rivals.
The fourth-quarter results announced Tuesday serve as the latest reminder of challenges facing Yahoo Inc. The long-slumping internet company hoped to revive its revenue growth when it lured Mayer away from Google Inc 18 months ago.
So far, though, Yahoo's revenue remains stuck in a rut. The company's earnings are rising largely because lucrative investments in Asian Internet companies made before Mayer's arrival.
Yahoo earned $US348 million ($A398.40 million), or 33 cents per share, a 28 per cent increase from $US272 million, or 23 cents per share, a year earlier.
Revenue fell 6 per cent to $US1.27 billion.
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Shares fell nearly 5 per cent after results came out.
