Tuesday October 18, 2016

Yahoo Profit Beats Estimates As Emerging Businesses Shine

Would you look at that? Finally, a positive news story about Yahoo. Sure things aren't all rainbows and butterflies yet but this is the best news to come out of Yahoo in weeks.

Gross search revenue fell 14.1 percent to $752.5 million. Total revenue rose 6.5 percent to $1.31 billion, beating the average analyst estimate of $1.30 billion, according to Thomson Reuters I/B/E/S. But after deducting fees paid to partner websites, revenue fell to $857.7 million from $1 billion. Yahoo said on Friday it would not hold a call or webcast after the release of the results, citing the Verizon deal.