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February 3, 2010
Fourth Quarter 2009Earnings Summary
Page 3
Fourth Quarter Noteworthy Items
•17% revenue decline is the lowest year-over-year quarterly decline since Q22008.•First quarter of sequential revenue growth in 2 years.•Domestic display revenue grew year-over-year for the first time in 8 quarters.•Subscription and Search & Contextual revenue continued to decline year-over-year.•Ended 2009 with $147 million of cash on hand.•Implemented previously announced restructuring initiatives which will reducethe workforce by 1/3 by the first half of 2010.
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