The issues for the company are myriad, including the declines across its display advertising business, increased traffic-acquisition costs and a basic lack of new and innovative products that ultimately drive growth. CEO Marissa Mayer is trying to move Yahoo into mobile quickly, but her three-year turnaround effort is still not working.
You can peruse the numbers yourself, but page five kind of says it all, with net margins of 2 percent and net earnings of just $21 million:
Here are the results:
This article originally appeared on Recode.net.