Yahoo has accumulated a credit card would, so to speak, in recent months with the acquisition of several new social and mobile companies. But what analysts and investors really want to know is how much the company in Sunnyvale, Calif.-based resulting in its report of second quarter results, released after the close on Tuesday.
The "technology company" describes itself, has reported net income of $ 331 million, or 30 cents per share (statement). Non-GAAP earnings were 35 cents per share, on revenues of 1.135 billion, including traffic acquisition costs (TAC). Excluding TAC, Yahoo reported revenue of $ 1.071 billion. Wall Street was looking for earnings of 30 cents per share on revenue of $ 1.08 billion.
CEO Marissa Mayer made an initial reflection on the quarter in prepared remarks.
I am encouraged by the performance of Yahoo! 's second quarter. Our company has been maintaining stability and launched more than ever, the introduction of a major new product almost every week. The new Yahoo! News, Yahoo! Sports new application, the Yahoo! search redesigned, the new Flickr, the new Yahoo! Mail for Tablet, the Yahoo! Weather, Yahoo! Summly with our new implementation - this quarter significant improvements to our product range and our users have responded to the increased use and commitment.
Mayer just called an acquisition in its statement, but the full list consists of Astrid Milewise Loki Studios, Go Poll Go, PlayerScale, Rondee, Ghostbird software and, in particular, Tumblr.
Yahoo paid $ 1.1 billion for Tumblr last May, which has caused some controversy within the user base of the base when the news was revealed. This important agreement has sparked speculation that Yahoo may go after next Hulu, which at the time was the center of a rumor of war filled auction.
But last week, the current coalition Hulu 21st Century Fox, NBC Universal and Walt Disney Co. property still holds. For perspective, Wall Street expects Yahoo to offer third-quarter revenue of $ 1.12 billion, with revenues of at least 34 cents per share. Yahoo provides guidance in the third quarter of $ 1.06 billion to $ 1.1 billion in revenue. For the year, Yahoo projected revenue to be between $ 4.45 billion and $ 4.55 billion $.
Numbers to know from the second quarter of Yahoo:
- Yahoo bought 25 million shares of $ 653 million and used $ 1 billion in cash for acquisitions (including $ 970 million to acquire Tumblr).
- Yahoo has already made a promise to return 3,650 million revenues Alibaba Group shareholders.
- Number of ads sold (excluding Korea) was reduced by about 2 percent on an annual basis.
- Price-per-announcement (excluding Korea) dropped by 12 percent.
- In research, the paid clicks (except Korea) increased by 21 percent per year. Click price (excluding Korea) dropped by nearly 8 percent.
The action was strongly in after-hours trading.
Tags: Social networking, Yahoo Q2, Marissa Mayer, 2013
