Yahoo Q3 results within forecasted expectations

Yahoo! Inc. (NASDAQ:YHOO) reported yesterday the results for the quarter ended September 30, 2015. The US Internet giant again disappointed investors by presenting a weaker than expected financial results.

The company reported revenue of 1.23 billion dollars against 1.15 billion dollars a year earlier. The net profit is 76 million dollars, or 8 cents per share, compared to 6.8 billion dollars a year earlier. Analysts expected higher revenue and profit, and this sent shares 1.5 % down in the post-trading.

The main reason for the weak financial results is due to the special effects following the market debut of online retailer Alibaba, in which Yahoo holds a large share.

Despite the poor results, the current president and CEO of Yahoo! Marissa Mayer, who held this position since July 2012, showed satisfaction and pointed out that the result meets the expectations.

Q3 2014

Q3 2015

GAAP revenue

$1,148 million

$1,226 million

Cost of revenue – TAC

$54 million

$223 million

Income (loss) from operations

$42 million

$(86) million

Non-GAAP income from operations

$156 million

$92 million

Adjusted EBITDA

$306 million

$244 million

Net earnings

$6,774 million

$76 million

GAAP net earnings per diluted share

$6.70

$0.08

Non-GAAP net earnings per diluted share

$0.52

$0.15

“Our Q3 results were largely within our forecastedexpectations -- our GAAP revenue grew 7% year-over-year and our Mavens revenuegrew 43%.  As we move into 2016, we will work to narrow our strategy,focusing on fewer products with higher quality to achieve improved growth andprofitability,” said Marissa Mayer. “In addition to sharpeningfocus within core business growth, our top priority is the planned spinoff ofAabaco Holdings. This is an important moment for the Company, and we continueto strive to complete the spin as quickly as we can."