Yahoo Reports Third Quarter 2014 Results
Business Wire
Yahoo! Inc.
SUNNYVALE, Calif.--(BUSINESS WIRE)--
Yahoo! Inc. (YHOO) today reported results for the quarter ended September 30, 2014.
Q3 2013 Q3 2014
Percent
Change
GAAP revenue $1,139 million $1,148 million 1%
Revenue ex-TAC $1,081 million $1,094 million 1%
GAAP income from operations
$93 million
$42 million (55)%
Non-GAAP income from operations $173 million $156 million (10)%
GAAP net earnings per diluted share $0.28 $6.70 N/M
Non-GAAP net earnings per diluted share $0.34 $0.52
52%
N/M – Not meaningful
"We had a good, solid third quarter. We delivered $1.094 billion in revenue ex-TAC and $1.148 billion in GAAP revenue. This represents 1% growth in revenue ex-TAC and 1% growth in GAAP revenue. We achieved this revenue growth through strong growth in our new areas of investment – mobile, social, native and video - despite industry headwinds in some of our large, legacy businesses,” said Marissa Mayer, CEO of Yahoo. “I am also pleased to report today that our revenue in mobile is now material. In Q3, we saw mobile revenues in excess of $200 million on a GAAP basis. Further, we estimate that our gross revenues in mobile will exceed $1.2 billion in revenue this year. We have invested deeply in mobile and we are seeing those investments pay off. Not only are our mobile products attracting praise and engagement from users and industry awards, they are generating meaningful revenue for Yahoo.”
GAAP revenue was $1,148 million for the third quarter of 2014, a 1 percent increase from the third quarter of 2013. Revenue excluding traffic acquisition costs (“revenue ex-TAC”) was $1,094 million for the third quarter of 2014, a 1 percent increase compared to the third quarter of 2013. Less
Sentiment: Hold
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Reply to 4th Quarter Results by drmicrocaps •Oct 28, 2013 8:17 PM
