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Wednesday, April 19, 2017

Yahoo's Q1 revenue jumps 22%

Yahoo reported a 22.1% increase in quarterly revenue. Yahoo said revenue from Mavens -- the mobile, video, native and social advertising units that it has touted as key emerging businesses -- rose 35.6% to $529 million in the first quarter ended March 31.

Net income attributable to Yahoo was $99.4 million, or 10 cents per share in the quarter, compared with a net loss of $99.2 million, or 10 cents per share, a year earlier.

Also read: TCS to hire more in US because of H-1B visa problems

Previously Verizon acquired Yahoo's core business which includes its internet search and email assets for $4.48 billion.

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