Yahoo! Inc. (YHOO)’s Earnings Mixed As Investors Await Strategic News

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Yahoo! Inc. (YHOO)’s Earnings Mixed As Investors Await Strategic News
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Yahoo! Inc. (NASDAQ:YHOO) released its second quarter earnings report Monday night, returning beats in some areas and in-line results in others. Investors and analysts were really more interested in whether there would be any update on the strategic front in terms of selling the core business, but they were disappointed.

Yahoo posts mixed results

Yahoo posted adjusted earnings of 9 cents per share, which was in line with the consensus estimate. Net revenue came in at $841 million, which was a little higher than what Wall Street was expecting. Adjusted EBITDA was $172 million, handily beating the consensus of $148 million.

Net display ad revenue declined 3% from last year to $396 million, but this was still better than the consensus of $381 million. Yahoo recorded a 9% increase in the number of display ads sold, although price per ad declined 15%. Net search ad revenue declined 24% to $319 million, which missed the consensus of $332 million. Paid clicks also fell 24%, although price per click rose 8%. Mavens revenues declined as a result pricing pressure in video and weak demand on the company’s third-party ad network, noted William Blair analysts.

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