Yahoo squeezes out growth in Q3
Yahoo reported a 1 percent sales increase on Tuesday, a marked shift after multiple quarters of decline, though results in its critical ad business were mixed.
The company also said its mobile revenue had become significant enough to report for the first time, passing $200 million. That was a minor victory for CEO Marissa Mayer, who’s been trying hard to get more traction for Yahoo on smartphones and tablets.
“We had a good, solid third quarter,” Mayer said in the company’s announcement Tuesday.
Total sales for the quarter, ended Sept. 30, were $1.15 billion, up from $1.14 billion last year, the company reported. Excluding traffic acquisition costs, revenue was $1.09 billion and slightly ahead of analyst expectations, as polled by Thomson Reuters.
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