Yahoo! (YHOO) Misses Q3 EPS by 1c
Yahoo! (NASDAQ: YHOO) reported Q3 EPS of $0.15, $0.01 worse than the analyst estimate of $0.16. GAAP revenue was $1.23 billion, with the consensus at $1.26 billion.
Business Highlights
- In October, Yahoo announced the new, fully redesigned, more powerful Yahoo Mail app. In addition to snappy responses and quick transitions, the app can now manage outside email accounts and also features Yahoo Account Key, the Company’s password-free sign-in experience that takes user convenience and security to the next level.
- In Q3, Yahoo introduced a new custom audience feature for Yahoo Gemini, allowing advertisers to leverage their own data alongside Yahoo data for more efficient retargeting across devices.
- In September, Yahoo acquired Polyvore, a leading social shopping site, to accelerate the Company’s Mavens growth strategy (mobile, video, native, and social).
- In October, the Company reached an agreement with Google that provides Yahoo with additional flexibility to choose among suppliers of search results and ads. Google’s offerings complement the search services provided by Microsoft, which remains a strong partner, as well as Yahoo’s own search technologies and ad products.
- At Advertising Week, Yahoo announced the unification of all programmatic advertising technology under the BrightRoll brand and introduced BrightRoll Demand-Side Platform (“DSP”) for programmatic buying of video, display and native advertising that leverages exclusive access to Yahoo data, and the BrightRoll Exchange, which connects buyers and sellers of high-quality video and display inventory through integration with 100 DSPs and thousands of sites and mobile apps via Real-Time Bidding, private marketplaces and programmatic direct.
- Lisa Utzschneider was appointed Chief Revenue Officer to lead Yahoo’s global sales organization and serve the needs of advertisers worldwide.
- At Yahoo’s second Mobile Developer Conference, the Company hosted more than 500 developers in New York City to share the latest updates to the analytics, advertising, monetization, and engagement products in the Yahoo Mobile Developer Suite. Updates included Tumblr In-App Sharing, Real-Time Metrics and Native Video Ads for Publishers.
- Yahoo launched two new lifestyle-focused digital magazines, Yahoo Real Estate and Yahoo Celebrity.
- In Q3, the Company introduced Yahoo News Live with Katie Couric and the Yahoo News Team, a daily live stream bringing consumers the latest on the biggest stories and people in the news.
- In September, Yahoo’s award-winning fantasy broadcast series, Fantasy Football Live, celebrated its 10th season premier with industry leading expert analysis and up-to-the-minute injury reports helping fantasy players set rosters and win their leagues.
For earnings history and earnings-related data on Yahoo! (YHOO) click here.