Yahoo increase in revenue at first 2017 quarter
The giant Yahoo Inc (YHOO.O) reported a 22.1 percent increase in quarterly revenue on Tuesday, ahead of the sale of its core internet business to Verizon Communications Inc (VZ.N), Reuters reported.
Yahoo said revenue from Mavens – the mobile, video, native and social advertising units that it has touted as key emerging businesses – rose 35.6 percent to $529 million in the first quarter ended March 31, Reuters added.
Net income attributable to Yahoo was $99.4 million, or 10 cents per share in the quarter, compared with a net loss of $99.2 million, or 10 cents per share, a year earlier, according to Reuters.
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