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.
Yahoo said Jan. 28 that it had earned 46 cents per share on $1.26 billion in revenue in Q4 2013, beating analysts' expectations of 38 cents per share. Yahoo's share price slid in after-hours trading, however, as the company revealed that revenue from display ads were down 6% from Q4 2012.
"I'm encouraged by Yahoo's performance in Q4 and 2013 overall. We saw continued stability in the business, and our investments allowed us to bring beautiful products to our users and establish a strong foundation for revenue growth." Marissa Mayer, Yahoo CEO
Yahoo's financial health is in part buoyed by the strong performance of Alibaba, the Chinese retailer of which the company has a 24% stake.
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