Yahoo, a well-respected global brand, today revealed its Q3 earnings ended September 30, 2012. Its earnings beat analyst predictions and expectations, as revenue excluding traffic acquisition costs (“Revenue-ex-TAC”) was $1.089 million – a 2-percent decrease from the third quarter of 2011.
Additionally, the company’s shares went up about 3 percent at $16.23 in afterhours trading on Monday. Not factoring in restructuring charges for both years, operating income on a non-GAAP basis totaled $177 million in Q32012, compared to $175 million in Q32011.
Further, incoming from operations dipped about 14 percent to $152 million this quarter, compared to $177 million in Q3 2011.
Overall, the company enjoyed a fairly solid third quarter this year, as its net revenue – excluding fees paid to partner websites – went up to about $1.09 billion, a slight but positive increase from the $1.07 billion this time last year. The company also reports adjusted net earnings of 35 cents per share.
The company believes it will ultimately be best for the company to offer these share costs.
Marissa Mayer, Yahoo! CEO, explains that the company “had a solid third quarter, and we are encouraged by the stabilization in search and display revenue.”
Yahoo! Reels in about 70 million visitors per month, which ranks it as a global contender in its space. Despite this, the mobile device trend has threatened and/or challenged the site’s ability to keep up with proactive mobile interaction, and, according to The Wrap, “its smartphone offerings are deemed lackluster.”
Over the course of the past year, the company reports a strengthened executive team, having appointed Henrique de Castro as COO and Ken Goldman as CFO, not to mention Ron Bell as general counsel, Jacqueline Reses as executive VP of people and development, and Kathy Savitt as CMO. The addition of this talented employee lineup has undoubtedly better shaped the company and its efforts to remain a global contender in this consumer space.
Additionally, the company introduced new, interactive and immersive experiences for users across PC, mobile, tablet and connected TV devices, a company statement explained. During the 2012 London Games, for example, Yahoo! enjoyed over three billion page views – more than its page views for the Beijing and Vancouver Games combined.
“While we have lot to do, the future for Yahoo! is incredibly bright,” Mayer concluded. “We will inspire, innovate and entertain.”
Edited by Braden Becker