(Updated - July 21, 2015 4:08 PM EDT)
Yahoo! (NASDAQ: YHOO) reported Q2 EPS of $0.16, $0.02 worse than the analyst estimate of $0.18. Ex-Tac revenue for the quarter came in at $1.04 billion versus the consensus estimate of $1.03 billion.
| | Q2 2014 | | Q2 2015 | | | | | |
| GAAP revenue | | $1,084 million | | $1,243 million | | | | | |
| Cost of revenue - TAC | | $44 million | | $200 million | | | | | |
| Income (loss) from operations | | $38 million | | $(45) million | | | | | |
| Non-GAAP income from operations | | $194 million | | $108 million | | | | | |
| Adjusted EBITDA | | $340 million | | $262 million | | | | | |
| Net earnings (loss) | | $270 million | | $(22) million | | | | | |
| GAAP net earnings (loss) per diluted share | | $0.26 | | ($0.02) | | | | | |
| Non-GAAP net earnings per diluted share | | $0.37 | | $0.16 |
Search Revenue:
- Gross search revenue was $920 million for the second quarter of 2015, an increase of 15 percent compared to the second quarter of 2014.
- GAAP search revenue was $521 million for the second quarter of 2015, an increase of 22 percent compared to the second quarter of 2014.
- Cost of revenue -TAC paid to search partners was $106 million for the second quarter of 2015 compared to less than $1 million in the second quarter of 2014.
- The number of Paid Clicks increased approximately 13 percent compared to the second quarter of 2014.
- Price-per-Click increased approximately 4 percent compared to the second quarter of 2014.
Display Revenue:
- GAAP display revenue was $500 million for the second quarter of 2015, a 15 percent increase compared to the second quarter of 2014.
- Cost of revenue - TAC paid to display partners was $94 million for the second quarter of 2015 compared to $42 million in the second quarter of 2014.
- The number of Ads Sold increased approximately 9 percent compared to the second quarter of 2014.
- Price-per-Ad increased approximately 10 percent compared to the second quarter of 2014.
Cash, Cash Equivalents, and Marketable Securities:
- Cash, cash equivalents, and marketable securities were $7.0 billion as of June 30, 2015 compared to $10.2 billion as of December 31, 2014, a decrease of $3.2 billion. In the first quarter of 2015, the Company satisfied the $3.3 billion income tax liability related to the sale of Alibaba Group ADSs in 2014.
For earnings history and earnings-related data on Yahoo! (YHOO) click here.
