Yahoo! Inc. Shares Soar As Core Revenues Return to Growth


Image source: Yahoo!

Online content portal Yahoo! (NASDAQ: YHOO  ) just reported first-quarter results alongside a slide deck with financial highlights. Yahoo shares surged more than 10% higher on the news.

Non-GAAP revenues increased 1% year over year to $1.1 billion, in line with analyst projections. Adjusted earnings stayed flat at $0.38 per share, a penny ahead of the Street consensus.

Display ad sales after traffic acquisition costs, or TAC, increased 1.7% from the year-ago period. Search revenue, ex-TAC, climbed 8.7% higher, helped by dramatically reduced traffic acquisition expenses. Other operations added up to an 11% TAC-adjusted revenue drop.

"Buoyed by our 9th consecutive quarter of year-over-year growth in Search revenue ex-TAC and our first quarter of Q1 year-over-year growth in display revenue ex-TAC since 2011, Q1 was an early and important sign of growth in our core business," said Yahoo! CEO Marissa Mayer in a prepared statement.

Mayer also noted that mobile content and traffic is central to Yahoo!'s future, and expressed delight at reaching 430 million monthly mobile users during the quarter.


Read/Post Comments (0) | Recommend This Article (0)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2916819, ~/Articles/ArticleHandler.aspx, 12/20/2014 3:24:15 PM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...


Advertisement