Wednesday, September 20, 2017
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Amazon to Bring Alexa to New 'Smart Glasses' Wearable Device: report
Toshiba Has Chosen Japan-U.S.-South Korea Group For its Chip Unit: reports
Pimax Launches First 8K VR Headset
New Amazon Fire HD 10: 1080p Full HD Display, Faster Performance, for $150
CyberLink Introduces 360 Video Editing Tools with PowerDirector 16 and Director Suite 6
Pioneer Introduces New CDJ-2000NXS2-W and DJM-900NXS2-W
AUO Presents 85-inch 8K4K Bezel-less TV Display
South Korean Government Wants to Stop Technology "Leaks" to China
Active Discussions
Which of these DVD media are the best, most durable?
How to back up a PS2 DL game
Copy a protected DVD?
roxio issues with xp pro
Help make DVDInfoPro better with dvdinfomantis!!!
menu making
Optiarc AD-7260S review
cdrw trouble
 Home > News > General Computing > Yahoo R...
Last 7 Days News : SU MO TU WE TH FR SA All News

Wednesday, October 19, 2016
Yahoo Reports Profit For Third Quarter 2016


Yahoo reported quarterly adjusted profit on Tuesday, a boost for the company whose deal to sell its core business to Verizon Communications has been shaken by a massive data breach.

Verizon's general counsel said last week that the hack, which affected at least 500 million email accounts in 2014, could have a material impact, possibly allowing Verizon to withdraw from the $4.83 billion deal.

However, despite Yahoo's announcement about the hack, the company's customer trends showed growth in pageviews and email usage, Yahoo said.

"I am pleased with our Q3 results. This quarter, we launched several new products and showed solid financial performance across the board; both are a testimony to the tremendous teamwork, focus, and resilience of our employees," said Marissa Mayer, CEO of Yahoo. “In addition to our continued efforts to strengthen our business, we are busy preparing for integration with Verizon. We remain very confident, not only in the value of our business, but also in the value Yahoo products bring to our users’ lives. To that end, we take deep responsibility in protecting our users and the security of their information. We’re working hard to retain their trust and are heartened by their continued loyalty as seen in our user engagement trends."

Yahoo's revenue from Mavens - the mobile, video, native and social advertising units - rose 24.2 percent to $524 million. Mavens revenue represented 38 percent and 42 percent of traffic-driven revenue in the third quarter of 2015 and 2016, respectively.

On the other hand, gross search revenue fell 14.1 percent to $752.5 million.

Total revenue rose 6.5 percent to $1.31 billion. But after deducting fees paid to partner websites, revenue fell to $857.7 million from $1 billion.

For the third quarter ended Sept. 30, net income attributable to Yahoo rose to $162.8 million from $76.3 million a year earlier.

Verizon plans to combine Yahoo's search, email and messenger assets as well as advertising technology tools with its AOL unit, which it bought last year for $4.4 billion.

The deal is expected to close in early 2017, after which Yahoo plans to change its name and become a publicly traded investment company.



Previous
Next
Intel Reports Strong Quarterly Revenue        All News        Quick Benchmarks With The Samsung NVMe M.2 960 PRO SSD
Intel Reports Strong Quarterly Revenue     General Computing News      Fujitsu Develops Traffic-Video-Analysis Technology Based on Image Recognition and Machine Learning

Get RSS feed Easy Print E-Mail this Message

Related News
Verizon Completes Yahoo acquisition, Meet Oath and Altaba
Yahoo Stockholders Approve Sale of Yahoo's Operating Business to Verizon
Yahoo's First-quarter Revenue Jumps
Verizon Is Moving Yahoo and AOL Under the New Name "Oath"
U.S. Charges Russian Spies Over Yahoo Hacks
32 Million Yahoo Accounts Were Compromised Using Malicious Cookies
Verizon and Yahoo Agree to Lowered $4.48 billion Deal
Yahoo Unveils New Malicious Activity To User's Accounts
Yahoo Sees Verizon Deal Closing in Second Quarter
Yahoo To be Named Altaba, Mayer to Depart Following Verizon Deal
Yahoo Unveils New Security Breach
Yahoo's 2016 Top Searched Celebrities, News Stories, Fashion Trends, and More

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2017 - All rights reserved -
Privacy policy - Contact Us .