“We’re in a very competitive space,” said Yahoo CEO Marissa Mayer while reassuring investors of the company’s investment in growth.
It is no secret that Yahoo’s business has been declining in recent years and investors to the company are not fine about it
Mayer explained that Yahoo’s revenue streams which come mostly from digital advertising and the online advertising business has been in a steady decline as shown by the website’s shrinking desktop revenue. The company, however, has been aggressive in its mobile advertising front.
The CEO said that Yahoo’s ‘Mavens’ business, which was ‘almost nonexistent’ when she joined the company, is now generating $1.6 billion in annual revenue, though its growth has been sluggish in the past few quarters.
Recent reports have suggested that some companies like Verizon and AT&T are interested in buying Yahoo’s core internet properties. Mayer said that she was “heartened by the interest” and took them as validation of the company’s business progresses and achievements.
Mayer, however, declined to comment on Yahoo’s core sales processes.
