Altaba Inc (AABA)

[Drmicrocap]

Yahoo! Inc. (YHOO) today reported results for the quarter and full year ended December 31, 2014.

"I’m pleased to report that our performance in Q4 and in 2014 continues to show stability in our core business," said Marissa Mayer, CEO of Yahoo. "Our mobile strategy and focus has transformed Yahoo and yielded significant results. In Q4, we saw $254 million in mobile revenue, up 23% quarter-over-quarter. Across all of 2014, we saw gross mobile revenue of $1.26 billion and GAAP mobile revenue of $768 million. Our investment businesses - mobile, video, native, and social - collectively delivered more than $1.1 billion in GAAP revenue, up 95% year-over-year. These growth drivers have really focused our investments and energy on the future of digital advertising."

Q4 2013 Q4 2014 Full Year 2013 Full Year 2014
GAAP revenue $1,266 million $1,253 million $4,680 million $4,618 million
Revenue ex-TAC $1,200 million $1,179 million $4,426 million $4,401 million
GAAP income from operations $174 million $32 million $590 million $143 million
Non-GAAP income from operations $330 million $256 million $935 million $755 million
Adjusted EBITDA $478 million $409 million $1,564 million $1,362 million
Net earnings $348 million $166 million $1,366 million $7,522 million
GAAP net earnings per diluted share $0.33 $0.17 $1.26 $7.45
Non-GAAP net earnings per diluted share $0.46 $0.30 $1.52 $1.57


Business Highlights
• Yahoo closed the acquisition of BrightRoll, the leading programmatic video advertising platform in the U.S. Through the acquisition of BrightRoll, Yahoo is now the largest video advertising platform in the U.S. Less