In a sign of modest progress, Yahoo's revenue fell 4% after subtracting ad commissions, snapping a streak of four consecutive quarters of double-digit declines. Yahoo's long-running slump culminated in its agreement last summer to sell its email service, websites and mobile applications to Verizon. The break-ins occurred in 2013 and 2014, raising further questions about Yahoo's security controls and the timing of its disclosures. After subtracting commissions paid to advertising partners, Yahoo's revenue stood at $960 million, down from $1 billion in the year-earlier quarter. For all of last year, Yahoo's revenue fell 14% to $3.52 billion, after deducting ad commissions.

Source: Los Angeles Times January 23, 2017 23:58 UTC