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Yahoo’s Q3 sees net revenue drop slightly, ‘meaningful increases’ in traffic

16 Oct

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The Q3 earnings report for Yahoo is in, and even with earnings down 91 percent year over year (due to an infusion of cash last year when it sold part of its share in Alibaba Group) it held few surprises. Revenue dropped 1 percent to $1.08 billion, while ad sales also dropped slightly, down 7 percent for Q3 last year. Other than that new logo, the company also pointed out its run of acquisitions has continued, with Bignoggins, Qwiki, Xobni, Admovate, Ztelic, Lexity, Rockmelt and IQ Engines joining the fold. It’s reporting 800 million monthly users, “up 20 percent over the last 15 months,” aka since Marissa Mayer took the reins. We’ll keep waiting to see if Yahoo’s changes affect its bottom line significantly, but right now its remaining 24 percent stake in the Chinese search engine is the highlight — Alibaba’s section in the filing shows $707 million in profit for Q2 and an expected IPO could increase its value by billions. by engadget

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Posted by on 16/10/2013 in IT

 

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