Yahoo’s Q1 earnings report, likely the final one before the Verizon acquisition closes, is a beat.
Very first, the scorecard:
Net Revenue (excluding website traffic acquisition costs): $833.8 million vs. $814 million anticipated
EPS (adjusted): $.18 vs. $.14 anticipated
Yahoo’s inventory was mainly flat in just after-several hours buying and selling.
This marks the close of an era for Yahoo. Following the Verizon deal closes, Marissa Mayer will action down as CEO with a severance package worth about $23 million. Yahoo’s earnings launch explained the acquisition is anticipated to near in June.
Yahoo will then blend with AOL, which is also owned by Verizon, and the merged firm will be called Oath. (Certainly, that’s the serious identify.) Oath will be the guardian firm whilst the AOL and Yahoo brands live on for stuff like news, electronic mail, and other media Oath can offer digital adverts in opposition to.
Get the hottest Yahoo inventory rate here.