A revenue increase of 6.5 per cent to $1.3 billion was just shy of forecasts. The report for the three months ended Sept. 30 also showed continuing pressure on Yahoo’s core ad revenue, with display ad sales down 7 per cent year over year to $476 million and search revenue off 14 per cent at $752 million. Cost of sales associated with search and display were down annually by 6 per cent and 39 per cent, respectively. Adjusted operating earnings fell to $229.2 million from a year earlier $244.2 million. Revenue from the category Yahoo has introduced to gauge the performance of mobile, video, native and social ad operations rose 24 per cent to $524 million.

Source: thestar October 19, 2016 09:56 UTC