Yahoo! (YHOO) Misses Q1 EPS by 3c; Display Revenue Fell 7%, Ex. TAC
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Yahoo Reports First Quarter 2015 Results
April 21, 2015 4:05 PM EDTSUNNYVALE, Calif.--(BUSINESS WIRE)-- Yahoo! Inc. (NASDAQ: YHOO) today reported results for the quarter ended March 31, 2015.
Yahoo is amidst a multi-year transformation to return an iconic company to greatness. This quarter, we saw encouraging revenue growth of 8%, with display revenue growing a modest 2% and search growing 20% on a GAAP basis. Our mobile GAAP revenue reached $234 million in Q1, growing 61% year-over-year, said Marissa Mayer, CEO of Yahoo. We anticipated that we would grow GAAP revenue ahead of revenue ex-TAC and EBITDA, and thats precisely what we saw this quarter. For the next phase... More
