Breaking News

ASUS ROG at CES 2026 Intel Core Ultra Series 3 Debut at CES 2026 Giga Computing Announces New AI Deskside Supercomputer to Build and Run AI Sandisk unveils SANDISK Optimus SSD Product Brand Conner Returns to the 2026 CES

logo

  • Share Us
    • Facebook
    • Twitter
  • Home
  • Home
  • News
  • Reviews
  • Essays
  • Forum
  • Legacy
  • About
    • Submit News

    • Contact Us
    • Privacy

    • Promotion
    • Advertise

    • RSS Feed
    • Site Map

Search form

Yahoo Reports Profit For Third Quarter 2016

Yahoo Reports Profit For Third Quarter 2016

Enterprise & IT Oct 19,2016 0

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.

Tags: Yahoo
Previous Post
Intel Reports Strong Quarterly Revenue
Next Post
Quick Benchmarks With The Samsung NVMe M.2 960 PRO SSD

Related Posts

  • Yahoo and Verizon Launch Yahoo Mobile Unlimited Phone Service

  • Yahoo Groups Website is Closing

  • Yahoo Together Comes to Organize Group Messaging

  • Altaba Sells Yahoo Japan stake for $4.3 billion

  • Japan Accuses Apple of Pressuring Game Rivals: Nikkei

  • Oath Scans Your Yahoo and AOL Mail for Targeted Advertising

  • Mozilla Files Cross-Complaint Against Yahoo and Oath

  • Yahoo Says All 3 Billion Accounts Were Hacked in 2013 Security Breach

Latest News

ASUS ROG at CES 2026
Gaming

ASUS ROG at CES 2026

Intel Core Ultra Series 3 Debut at CES 2026
Enterprise & IT

Intel Core Ultra Series 3 Debut at CES 2026

Giga Computing Announces New AI Deskside Supercomputer to Build and Run AI
Enterprise & IT

Giga Computing Announces New AI Deskside Supercomputer to Build and Run AI

Sandisk unveils SANDISK Optimus SSD Product Brand
PC components

Sandisk unveils SANDISK Optimus SSD Product Brand

Conner Returns to the 2026 CES
Enterprise & IT

Conner Returns to the 2026 CES

Popular Reviews

be quiet! Dark Mount Keyboard

be quiet! Dark Mount Keyboard

Terramaster F8-SSD

Terramaster F8-SSD

be quiet! Light Mount Keyboard

be quiet! Light Mount Keyboard

Soundpeats Pop Clip

Soundpeats Pop Clip

Akaso 360 Action camera

Akaso 360 Action camera

Dragon Touch Digital Calendar

Dragon Touch Digital Calendar

be quiet! Pure Loop 3 280mm

be quiet! Pure Loop 3 280mm

Noctua NF-A12x25 G2 fans

Noctua NF-A12x25 G2 fans

Main menu

  • Home
  • News
  • Reviews
  • Essays
  • Forum
  • Legacy
  • About
    • Submit News

    • Contact Us
    • Privacy

    • Promotion
    • Advertise

    • RSS Feed
    • Site Map
  • About
  • Privacy
  • Contact Us
  • Promotional Opportunities @ CdrInfo.com
  • Advertise on out site
  • Submit your News to our site
  • RSS Feed