Needham & Company Reiterated Buy and $55 Price Target on Yahoo! (YHOO) Following 2Q15
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Yahoo Reports Second Quarter 2015 Results
July 21, 2015 4:05 PM EDTSUNNYVALE, Calif.--(BUSINESS WIRE)-- Yahoo! Inc. (NASDAQ: YHOO) today reported results for the quarter ended June 30, 2015.
Im extremely pleased with our achievements in Q2, with revenue growing 15% year-over-year, marking our most substantial GAAP revenue growth in almost 9 years, said Marissa Mayer, CEO of Yahoo. Our Mavens investment businesses across mobile, video, native and social grew to nearly $400 million in revenue this quarter, delivering 60% GAAP growth year-over-year. Further, our display business saw the most substantial revenue growth since 2010. Yahoos transformation continues to make great progress.
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