Home > Industry > Yahoo Profit + Revenue –

Yahoo Profit + Revenue –

Yahoo has reported Q3 profit that topped estimates giving the embattled Internet company some good news as Verizon rethinks its offer to purchase the company’s main Web assets.

Sales excluding revenue passed on to partners for Web traffic fell 14 percent to US$857.7 million missing estimates of $860.1 million.

Overall revenue was +6.5 percent at $1.23 billion helped by a change in how the company reports revenue. Revenue from mobile video native and social rose 24 percent to $524 million with quarterly earnings of $162.8 million.

CEO Marissa Mayer is now seen to be facing renewed concerns about Verizon’s proposed acquisition of Yahoo’s core Internet operations for $4.8 billion following the revelation of a data breach that had exposed more than 500 million user accounts.

Verizon last week confirmed that the hack revelation would impact the deal because it hasn’t received detailed information about the breach.

You may also like
Logitech Q3 Sales Top US$900M For First Time Ever
Buy Now, Pay Later Service Fined $450,000
Afterpay’s Competitor, Zip Co, Creeping Up Shares Ladder
Holiday Period Boosts Employment
Disney+ For Free? Telstra & Optus In Talks