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Yahoo records boost in profits

  • Yahoo’s profits in the third quarter ending September are $6.8 billion, the technology company reported to media, boosted by earnings from its stake in Chinese firm Alibaba.

    Though ad revenues were down, overall revenues were up by 1% to $1.15 billion, compared to last year.  

    Marissa Mayer, Yahoo's chief executive, said the company had “invested deeply in mobile” and those investments were paying off. She said Yahoo’s mobile products were “generating meaningful revenue” for the firm.

     

    Tagged as: Yahoo, profits, third quarter, technology, Alibaba, Marissa Mayer, business news