Yahoo Inc.(NASDAQ: YHOO) core business includes its internet search and email assets, and is bought by Verizon for $4.48 billion, lowering its original offer by $350 million, in the wake of two massive cyber attacks at the internet company. The deal is expected to close in June 2017.
Therefore Yahoo management has declined to provide any forward-looking guidance targets. Yahoo has also skipped the traditional earnings call with the analysts. However, in its press release of the first quarter 2017, Yahoo has noted the business updates including doubling the number of users enrolled in Yahoo Account Key. Yahoo Account Key lets users sign in more easily from their mobile phone, launching a newly designed Yahoo Homepage, and launching Captain, a “mobile bot assistant to help users manage lists and reminders, and coordinate family or group activities.
Moreover, Yahoo in the first quarter has updated the Yahoo Answers Now with new engagement features like social sharing, the question of the day, and notification controls. The company has introduced the new features on Yahoo Mail including Caller ID to integrate contact information from emails, and improved email search to surface most relevant “Top Results”. Yahoo has live streamed coverage of the Presidential Inauguration on Yahoo News, the NBA Trade Deadline on Yahoo Sports’ The Vertical, and Yahoo’s inaugural All Markets Summit on Yahoo Finance. Further, Yahoo Sports has launched Tourney Pick’em game with brand partnerships from Lexus and Pizza Hut, Yahoo Fantasy Baseball with rich data and featured MLB “Game of the Day” video content and Yahoo Daily Fantasy in the UK.
Additionally, Yahoo in the first quarter of FY 17 has reported the adjusted revenue growth of 22.1 percent to $1.33 billion in the first quarter of FY 17 from $1.09 billion in the corresponding period last year. The company has posted the net income attributable to Yahoo of $99.4 million in the 1Q FY 17, compared with a net loss of $99.2 million, a year earlier.
In addition, Mavens revenue is $391 million, and represented 40 percent of traffic-driven revenue, in the first quarter of 2017, excluding the impact of the change in revenue presentation. On the same basis, the non-Mavens sales fell 10.6% to $576 million. The number of Ads Sold has increased 2 percent compared to the first quarter of 2016, but the Price-per-Ad remained the same as the first quarter of 2016.
Yahoo stock posted a rise of 0.3% in the after-hours market session on April 18th, 2017 and has risen 30.27% in the last one year (source: Google Finance).