Welcome to WebmasterWorld Guest from 34.228.30.69

Forum Moderators: open

Message Too Old, No Replies

Yahoo Earnings Beat Expectations, But Loss Widens to $440 Million

     
11:11 am on Jul 19, 2016 (gmt 0)

Administrator from GB 

WebmasterWorld Administrator engine is a WebmasterWorld Top Contributor of All Time 10+ Year Member Top Contributors Of The Month

joined:May 9, 2000
posts: 25716
votes: 819


Yahoo posted better than expected revenues in its latest report, which, some suggest, may be its last as a standalone business due to its impending sale.

The huge write-down for tumblr at $482 million, has hit the company's earnings. Revenues were $1.3 billion, compared to $1.24 billion a year ago.
The company managed to beat Wall Street's limited expectations for revenue in the April to June quarter.

But after subtracting commissions paid to its partners, Yahoo said its revenue fell 19 percent from a year earlier, while its loss widened to $440 million from last year's $22 million. Yahoo Earnings Beat Expectations, But Loss Widens to $440 Million [zdnet.com]


Report: Yahoo To Sell Off Patents, Potentially Worth $1 Billion [webmasterworld.com]
The Businesses Interested In Buying Yahoo [webmasterworld.com]