Last quarter, Verizon (
Yahoo’s revenues grew to $1.305 billion, in line with the market’s forecast. EPS of $0.20 was significantly ahead of the Street’s forecast of $0.14 for the quarter.
By segment, Yahoo’s net search advertising revenues grew 36% to $703 million and net display advertising revenue fell 7% to $476 million. Other revenues fell 37% to $198 million.
Among other metrics, paid clicks fell 22% over the year. Within display advertising, number of ads sold fell 5% while average price per ad improved 1% over the year. MAVEN (mobile, video, native and social) revenues grew 24% over the year to $524 million, with mobile revenues growing 46% to $396 million.
Given the pending sale to Verizon, Yahoo did not hold an investor call to discuss the quarterly results.
Yahoo’s Service Expansion