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Yahoo! Q3 profit boosted by Alibaba gains

Wednesday 22 October 2014 | 08:50 CET | News
Yahoo! reported third-quarter sales up 1 percent to USD 1.148 billion. Excluding traffic acquisition costs, revenue also rose 1 percent, to USD 1.094 billion. The internet company posted a 5 percent fall in display ad revenues to USD 477 million, while search revenues increased 4 percent from a year ago to USD 452 million. CEO Marissa Mayer said the growth came in part due to investments in mobile services, which contributed over USD 200 million in revenue in the quarter. She said the company was on track to generate USD 1.2 billion in gross revenue from mobile this year. Yahoo's operating

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Categories: Internet
Companies: Yahoo!
Countries: World
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