In his first call as acting co-CEO, Eric Lefkofsky promised the company would be more focused, emphasizing its ability to deliver local business deals in a variety of markets.
Groupon Will Be More Focused on Local Businesses, Lefkofsky Promises
Earnings
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LinkedIn reported first-quarter revenue of $324.7 million, up nearly 75 percent over the first quarter of 2012, but the company’s guidance suggested that its revenue growth will cool, prompting stocks to fall after hours.
Yelp Continues to Shrink Losses
Yelp reported a first-quarter net loss of $4.8 million, down from 50 percent from the first quarter of last year and 75 percent from the closing quarter of 2012.
Netflix’s First-Quarter Results Satisfy Investors
Netflix today reported a profit of $3 million for the first quarter of 2013, with total revenue of $1.02 billion. Revenue was up 20 percent over the same quarter of last year, when the company saw a net loss of $5 million.
YouTube Streamlines Earnings Reports For Partners
In order to simplify things for creators that are making money off their videos, YouTube has announced that as of April 1, 2013, “AdSense will no longer calculate and report AdSense for Content Host earnings for YouTube partners.” Rather than going to AdSense for earnings reports, YouTube creators with monetized videos will view their earnings, which will be calculated by YouTube, in YouTube Analytics.
Groupon Stocks Tumble on News of Weak Quarter
Groupon reported a $0.12 adjusted loss per share today, missing analyst expectations and sending its stock tumbling after hours.
LinkedIn to Launch Sponsored Posts
LinkedIn is testing sponsored posts from a select set of corporate partners and expects to roll them out for all users in 2013, executives said in a call with analysts following the release of the company’s 2012 financials.
Yelp, Still in the Red, Reports Solid Sales Numbers From 2012
Yelp reported a loss of $19 million in 2012, but its sales revenue grew 65 percent.
Yahoo Sees Bump in Annual Revenues Under Mayer Leadership
Yahoo’s 2012 revenue was up 2 percent from the year before, the first such increase since 2008 for the troubled company. Its share price rose slightly in after-hours trading.
Google Boosted Profits in Fourth Quarter
After a shaky third quarter, Google’s profits rose by 6.6 percent in the fourth quarter of 2012 to $2.89 billion, as advertising revenue grew despite continued erosion of the average cost-per-click.
