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Yahoo revenue up in Q2, but earnings per share miss expectations

Yahoo reports what could be its last quarterly earnings as sale looms.

Matt McGee on July 18, 2016 at 5:28 pm

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Yahoo has reported hit-and-miss earnings today for the second quarter of 2016.

The company says it earned about $1.31 billion, up from $1.24 billion last year and ahead of the expected $1.08 billion. But earnings per share came in at nine cents, below the expected 10 cents per share. In Q2 of 2015, earnings per share were 16 cents.

Yahoo likes to tout its “mavens” lineup, which is made up of mobile, video, native and social products. The company says those products saw an overall revenue growth of seven percent YoY to $390 million.

Looming over all of this is the expected sale of Yahoo. Bids were due in April, and reports since then suggest that those bids were well under expectations.

About The Author

Matt McGee

Matt McGee joined Third Door Media as a writer/reporter/editor in September 2008. He served as Editor-In-Chief from January 2013 until his departure in July 2017. He can be found on Twitter at @MattMcGee.