Yahoo beats Q1 2014 estimates with moderate revenue growth

Business -

Yahoo continues to make strides under the leadership of Marissa Mayer, though it's the company's stake in Chinese online retailer Alibaba (which may IPO in 2014) that's proving to be particularly valuable.

Circa News
Copyright 2014 Reuters
Copyright 2014 Reuters

Yahoo released its Q1 2014 results on April 15, with the company earning 38 cents per share on $1.08 billion in revenue, beating analysts' expectations of 37 cents per share. Yahoo had generated $1.07 billion in revenue in Q1 2013.

"I am really pleased by our first quarter performance, marking our best Q1 revenue [minus traffic acquisition costs] since 2010… And, with mobile pivotal to our future growth, we're delighted to now see more than 430 million monthly mobile users accessing Yahoo's new products." Marissa Mayer, Yahoo CEO

Yahoo was in part boosted in Q1 2014 by its 24% stake in Alibaba, the Chinese online retailer that's expected to go public in 2014. Yahoo said April 15 that Alibaba had seen net income increase by more than 100%, to $1.4 billion, in the three months ending December 2013.

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