TechTaffy

tech:

taffy

Yahoo Reports Second Quarter 2013 Results

By TechTaffy Desk

Yahoo

Yahoo reported second quarter results for 2013 in an earnings call that was livestreamed. from the company’s Sunnyvale studios.

Yahoo reported revenues of $1,135 million for the second quarter of 2013, a 7 per cent decrease from the second quarter of 2012. Revenue excluding traffic acquisition costs was $1,071 million for the second quarter of 2013, a 1 percent decrease compared to the second quarter of 2012. Adjusted EBITDA for the second quarter of 2013 was $369 million, a 7 percent decrease compared to the same period of 2012.

Yahoo’s income from operations was $137 million for the second quarter of 2013, a 150 percent increase from the second quarter of 2012 (which reflected a restructuring charge of $129 million).

Yahoo’s net earnings for the second quarter of 2013 was $331 million, a 46 percent increase from the same period of 2012. Net earnings per diluted share was 30 cents in the second quarter of 2013, compared to 18 cents in the second quarter of 2012.

Yahoo – Second Quarter 2013 Financial Highlights

Display:

  • Display revenue was $472 million for the second quarter of 2013, a 12 percent decrease compared to $535 million for the second quarter of 2012.
  • Display revenue ex-TAC was $423 million for the second quarter of 2013, an 11 percent decrease compared to $473 million for the second quarter of 2012.
  • The number of ads sold (excluding Korea) decreased approximately 2 percent compared to the second quarter of 2012.
  • Price-per-ad (excluding Korea) decreased approximately 12 percent compared to the second quarter of 2012.

Search:

  • Search revenue was $418 million for the second quarter of 2013, a 9 percent decrease compared to $461 million for the second quarter of 2012.
  • Search revenue ex-TAC was $403 million for the second quarter of 2013, a 5 percent increase compared to $385 million for the second quarter of 2012.
  • Paid clicks (excluding Korea) increased approximately 21 percent compared to the second quarter of 2012.
  • Price-per-click (excluding Korea) decreased approximately 8 percent compared to the second quarter of 2012.

Cash Balance:

  • Cash, cash equivalents, and investments in marketable securities were $4.8 billion as of June 30, 2013 compared to $6 billion as of December 31, 2012, a decrease of $1.2 billion.
  • During the second quarter of 2013, Yahoo repurchased 25 million shares for $653 million and used a net $1 billion in cash for acquisitions (including a net $970 million to acquire Tumblr). These outflows were offset by $846 million in cash from Alibaba Group to redeem the Alibaba Group Preference Shares. The cash received represents the redemption value and includes the stated value of $800 million plus dividends of $46 million.

 

Just in

Series A

Tembo raises $14M

Cincinnati, Ohio-based Tembo, a Postgres managed service provider, has raised $14 million in a Series A funding round.
Around the web

Raspberry Pi is now a public company — TC

Raspberry Pi priced its IPO on the London Stock Exchange on Tuesday morning at £2.80 per share, valuing it at £542 million, or $690 million at today’s exchange rate, writes Romain Dillet. 
Fundings

AlphaSense raises $650M

AlphaSense, a market intelligence and search platform, has raised $650 million in funding, co-led by Viking Global Investors and BDT & MSD Partners.
Around the web

Elon Musk’s xAI raises $6B to take on OpenAI — VentureBeat

Confirming reports from April, the series B investment comes from the participation of multiple known venture capital firms and investors, including Valor Equity Partners, Vy Capital, Andreessen Horowitz (A16z), Sequoia Capital, Fidelity Management & Research Company, Prince Alwaleed Bin Talal and Kingdom Holding, writes Shubham Sharma. 
IT

Capgemini partners with DARPA to explore quantum computing for carbon capture

Capgemini Government Solutions has launched a new initiative with the Defense Advanced Research Projects Agency (DARPA) to investigate quantum computing's potential in carbon capture.