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Yahoo Q1 2013 Earnings Report: Marissa Mayer Confident Company Is Set For Long-Term Growth
Yahoo released its Q1 2013 earnings report today, announcing GAAP revenue of $1,150 million for the quarter, a 7 percent decrease from Q1 2012. You can see a complete list of financials and key metrics from the Yahoo Q1 2013 Financials Highlight presentation in the table included below.
“I’m pleased with Yahoo’s performance in the first quarter. We saw continued stability in our business, strengthened our team, and started the year with fast execution against our products and partnerships,” stated Yahoo CEO Marissa Mayer in an announcement released today. She continued to say she is confident the improvements being made to Yahoo products set-up the company for long-term growth.
Specific Yahoo Q1 2013 business highlights included the launch of the new Yahoo.com experience with a customizable news feed, and intuitive interface optimized for mobile devices, an improved Mail experience with a Dropbox integration, and the acquisition of Snip.it, Alike, Jybe and Summly.
Other highlights included an investment in Yahoo employees and the executive team along with the announcement of a global, non-exclusive agreement with Google to display ads on Yahoo properties and certain co-branded sites using Google’s AdSense for Content and AdMob services.