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The Incredible Shrinking Yahoo, but 100 Percent More Show Biz in Q4 Presentation!

Well, Yahoo may have had a pretty lackluster performance in the fourth quarter, but CEO Marissa Mayer still knows how to put on a great show for Wall Street.

In any case, Mayer needs all the jazz-hands possible, after turning in yet another quarter of revenue decline and estimates that next quarter will be more of the same.

That is why she opened its Q4 show with a lot of hedge-y phrases like "foundation for growth" and "stable momentum with some modest acceleration."

Read the full (somewhat snarky) report of the Yahoo presentation on Recode.

By Kara Swisher, recode.net.

CNBC's parent NBC Universal is an investor in re/code's parent Revere Digital, and the companies have a content-sharing arrangement.

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