Yahoo has reported fourth quarter revenues of £860 million in the fourth quarter, up nearly 2% on the same time a year before.A one off accounting charge meant that the fourth quarter net income was £174 million, down by 8% compared to £189 million in the same period 12 months earlier.
In trading in New York the shares in the company gained 4.5%.
About 700 million web surfers visit its website every month, ranking it among the top three in the global industry.
However, it shed more than 1,000 jobs during 2012, and has long been divided over whether it should focus on media content or on tools and technologies.
Chief executive Marissa Mayer was brought in last July from Google to turn the company round, and the latest financial figures are the first full quarter’s under her leadership.
Ms Mayer has been focusing on building better mobile and social networking services.
She said that during the quarter Yahoo made progress “by growing our executive team, signing key partnerships including those with NBC Sports and CBS Television and launching terrific mobile experiences for Yahoo Mail and Flickr”.
Yahoo hired the former Google executive on a pay package of $58 million ( £37 million) which Dr Search thinks is nice work if you can get it.