tech:

taffy

Yahoo Reports Third Quarter 2014 Results

Yahoo_Infographic_v9

Yahoo reported results for the quarter ended September 30, 2014. The company delivered $1.148 billion in revenue, representing a 1% growth. In Q3, Yahoo saw mobile revenues in excess of $200 million, and estimates that it gross revenues in mobile will exceed $1.2 billion this year.

Income from operations was $42 million for the third quarter of 2014, a 55 percent decrease from the third quarter of 2013.  Adjusted EBITDA for the third quarter of 2014 was $306 million, an 8 percent decrease compared to the third quarter of 2013.

Net earnings for the third quarter of 2014 was $6.8 billion, compared to $297 million in the third quarter of 2013. Net earnings per diluted share was $6.70 in the third quarter of 2014, compared to 28 cents in the third quarter of 2013.

Third Quarter 2014 Financial Highlights

Display:

  • Display revenue was $447 million for the third quarter of 2014, a 5 percent decrease compared to $470 million for the third quarter of 2013.
  • The number of Ads Sold increased approximately 24 percent compared to the third quarter of 2013.
  • Price-per-Ad decreased approximately 24 percent compared to the third quarter of 2013.

Search:

  • Search revenue was $452 million for the third quarter of 2014, a 4 percent increase compared to $435 million for the third quarter of 2013.
  • The number of Paid Clicks was flat compared to the third quarter of 2013.
  • Price-per-Click increased approximately 17 percent compared to the third quarter of 2013.

Cash, Cash Equivalents, and Marketable Securities:

Cash, cash equivalents, and marketable securities (excluding Investment in Alibaba Group equity securities) were $12 billion as of September 30, 2014 compared to $5 billion as of December 31, 2013, an increase of $7 billion. Yahoo estimates that it will pay approximately $3.3 billion in cash taxes in the first quarter of 2015 related to the sale of Alibaba Group shares.

“We are pleased with our performance this quarter, demonstrating results that met or exceeded guidance on key metrics,” said Ken Goldman, CFO of Yahoo. Yahoo says it is hopeful that the company will finish the year strong.

[Image courtesy: Yahoo]

Just in

UnitedHealth Group has paid more than $2 billion to providers following cyberattack — CNBC

UnitedHealth Group said Monday that it’s paid out more than $2 billion to help health-care providers who have been affected by the cyberattack on subsidiary Change Healthcare, writes Ashley Capoot.

Dell tells remote workers that they won’t be eligible for promotion — Ars Technica

The upcoming policy update represents a dramatic reversal from Dell's prior stance on work from home (WFH), writes Scharon Harding.

Hippocratic AI raises $53M

Palo Alto, Calif.-based Hippocratic AI, a company building a Large Language Model (LLM) for healthcare, has closed a $53 million Series A funding round.