"We had a good, solid third quarter,” says Yahoo as Q3 figures raise share price.
Share prices rose on Yahoo 0.90 to $40.18 (2.29%), “through strong growth in our new areas of investment - mobile, social, native and video - despite industry headwinds in some of our large, legacy businesses," said Marissa Mayer, CEO of Yahoo.
$1.094 billion in revenue ex-TAC and $1.148 billion in GAAP revenue: 1% growth in revenue ex-TAC and 1% growth in GAAP revenue.
Mobile revenues in excess of $200 million on a GAAP basis, estimates that gross revenues in mobile will exceed $1.2 billion in revenue this year.
GAAP income from operations was $42 million for the third quarter of 2014, a 55 percent decrease from the third quarter of 2013.
Non-GAAP income from operations was $156 million for the third quarter of 2014, a 10 percent decrease from the third quarter of 2013.
Adjusted EBITDA for the third quarter of 2014 was $306 million, an 8 percent decrease compared to the third quarter of 2013.
GAAP net earnings for the third quarter of 2014 was $6.8 billion (which included a gain from sale of Alibaba Group Holding Limited ("Alibaba Group") shares of $6.3 billion, net of tax), compared to $297 million in the third quarter of 2013.
Non-GAAP net earnings for the third quarter of 2014 was $543 million, compared to $358 million in the third quarter of 2013.
GAAP net earnings per diluted share was $6.70 in the third quarter of 2014 (which included the gain from sale of Alibaba Group shares of $6.27 per diluted share), compared to $0.28 in the third quarter of 2013.
Non-GAAP net earnings per diluted share was $0.52 for the third quarter of 2014, compared to $0.34 in the third quarter of 2013.
NOTE: GAAP - Generally Accepted Accounting Principles, USA GAAP or GAAP are the generally accepted accounting principles adopted by the U.S. Securities and Exchange.
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