Yahoo was up after hours as the company showed growth for the first time in a year. Yahoo posted earnings of $0.38 per share on revenue of $1.09 billion in the first quarter, just beating Wall Street estimates for earnings of $0.37 a share on revenue of $1.08 billion.
The Wall Street Journal reported:
For the first time in more than a year, Yahoo is growing. Yahoo reported its revenue, minus commissions paid to partners for Web traffic, rose 1% in the first quarter after four straight quarters without growth. Revenue from display ads was flat at $453 million.
The revenue gains, however modest, are a sign that Marissa Mayer’s attempts to woo marketers are working. In nearly two years as CEO, she has updated popular sites like Flickr and Yahoo Finance, created new online magazines and slick mobile apps, and acquired dozens of small startups to inject new talent into the aging Internet giant.
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Danny Sullivan over at Search Engine Journal reported that Yahoo is about to slip into single digits when it comes to search market share. Someone in the comments questioned if ComScore numbers even mattered ? Danny did give a good answer about why it still makes sense to check in with ComScore.
On the heels of Yahoo’s Q1 2014 earnings in which its search business showed signs of life comScore released new monthly search market share figures for the US market. They show Yahoo with 10.1 percent of the market — a new low for the company.
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Seth Fiegerman covered the earnings report for Mashable and mentioned strength in China.
The most impressive number in the report had little to do with Yahoo’s business itself. Alibaba, the Chinese ecommerce giant that Yahoo has a large stake in, grew its revenue by 66% in the fourth quarter to $3.06 billion. Some investors see Yahoo as a proxy for Alibaba, which is expected go public later this year.
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