Wednesday, July 22, 2015

Yahoo! Misses Q2 Earnings

Yahoo slightly beat top-line revenue expectations for the second quarter of 2015 — on with strong year-over-year growth in mobile, native, social and video ad sales — but posted earnings per share below Wall Street.

Variety reports the Internet-media company posted revenue of $1.04 billion and adjusted earnings of 16 cents per share. Analysts had expected Yahoo to post revenue of $1.03 billion and EPS of 18 cents.

Yahoo called out higher revenue in its “Mavens” businesses, which comprises mobile, video ads and video ad packages, native ads, and Tumblr ads and fees. Revenue in that segment was $399 million for Q2, compared with $249 million in the year-ago period.

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