Yahoo! Inc. Unveils New Online Video Series
Apr 28 15
Yahoo! Inc. announced that it was expanding its online offerings, unveiling 18 new video series with which it hopes to attract a larger audience and advertisers. Of these, 14 will be featured in Yahoo's digital magazines, which focus on beauty, show business and finance. Music will be another big focus for the company as it courts millennials. It will be extending a deal with Live Nation to broadcast music festivals, and will join iHeartMedia to broadcast other music events. And Yahoo unveiled a new long-form series: a comedy called 'The Pursuit' aimed at millennials in the digital age.
Yahoo! Inc. Announces Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015; Provides Earnings Guidance for the Second Quarter of 2015
Apr 21 15
Yahoo! Inc. announced unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported revenue of $1,225,970,000 against $1,132,730,000 a year ago. Yahoo’s GAAP revenue grew 8% in the quarter, primarily as a result of the company’s performance in search and display. Loss from operations was $87,354,000 against income from operations of $30,179,000 a year ago. Loss before income taxes and earnings in equity interests was $118,417,000 against income before income taxes and earnings in equity interests of $16,726,000 a year ago. Net income attributable to the company was $21,198,000 or $0.02 diluted earnings per share against $311,578,000 or $0.29 diluted earnings per share a year ago. Adjusted EBITDA was $231,113,000 against $306,381,000 a year ago. Negative free cash flow was $3,034,922,000 against positive free cash flow of $113,962,000 a year ago. Net cash provided by operating activities was $139,061,000 against net cash used in operating activities $2,937,471,000 a year ago. Acquisition of property and equipment, net was $134,921,000 against $84,655,000 a year ago. Purchases of intangible assets were $1,160,000 against $1,190,000 a year ago. Non-GAAP income from operations was $79,574,000 against $148,847,000, a year ago. Non-GAAP net earnings per diluted share were $0.15 against $0.38 a year ago. Non-GAAP net earnings were $145,473,000 against $401,624,000, a year ago. The year-over-year revenue decline is a result of lower revenue ex-TAC and additional costs resulting from growth in investments.
For the second quarter of 2015, the company expects GAAP revenue range of $1.21 billion to $1.25 billion; revenue ex-TAC in the range of $1.01 billion to $1.05 billion; adjusted EBITDA in the range of $240 million to $260 million; and non-GAAP operating income in the range of $90 million to $110 million. The company expects that it will continue to drive GAAP revenue growth and expect this to lead to growth in revenue ex-TAC as it executes on it’s growth plans.
Yahoo Reports Sales Results For the First Quarter of 2015
Apr 21 15
Yahoo reported sales results for the first quarter of 2015. After accounting for ad commissions, the company's revenue fell 4% from the same time last year to $1.04 billion, extending a troubling trend that began before Mayer took over. That downturn overshadowed an 8% increase in Yahoo's total revenue, before commissions, because investors focus on the amount of money that the company retains after paying its partners for helping to draw online traffic to it ads.