Home > Digital, Mobile > Will Yahoo turn it around? Third quarter results are in

Will Yahoo turn it around? Third quarter results are in

Image representing Marissa Mayer as depicted i...

Yesterday afternoon, Yahoo! held an earnings call announcing third quarter results. The results modestly beat analyst expectations, but gave little insight about where the company is heading.

Revenue appears to have stabilized but shows no signs of growth either. Net income was extra-ordinarily high last quarter due to Yahoo’s sale of half its stake in Chinese Internet company Alibaba. Operating income declined 14 percent year-over-year though, giving a better idea of the state of Yahoo’s business.

CEO Marissa Mayer announced that her company will increasingly focus on search and mobile in the future and sees Yahoo! in a good starting position for the shift to mobile platforms.

http://www.statista.com/markets/21/internet/chart/669/yahoo-s-business-in-numbers/

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