SAN FRANCISCO: Yahoo! Inc again posted anaemic quarterly revenue growth as the Internet company's advertising business continues to lag its rivals, nearly two years into chief executive officer Marissa Mayer's comeback effort.
Mayer told analysts on Tuesday that new mobile and advertising initiatives were gaining momentum, positioning the company for a period of stable but modest growth. Revenue from its core display advertising business inched 2% higher in the first quarter, reversing several consecutive quarters of declines.