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Yahoo's first-quarter revenue jumps 22 percent

Reuters 

(Reuters) - Yahoo Inc reported a 22.1 percent increase in quarterly revenue on Tuesday, ahead of the sale of its core internet business to Verizon Communications Inc .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.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.Revenue rose to $1.33 billion from $1.09 ...

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First Published: Wed, April 19 2017. 01:49 IST
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