Yahoo posts Q2'16 results, net loss increases to $440 million

Yahoo posts Q2'16 results, net loss increases to $440 million

Author | exchange4media News Service | Thursday, Jul 21,2016 8:00 AM

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Yahoo posts Q2'16 results, net loss increases to $440 million

Yahoo reported revenues of $1.31 billion for the period, up from $1.24 billion for the same period last year. However, net loss has also increased over Q2, 2015. The company has also not released any new information regarding the pending sale of the company’s core business.

Net loss stood at $440 million for Q2’16, a massive increase from $22 million in Q2’2015.

Revenue from what Yahoo calls MaVeNS, which includes mobile, video, native advertising and social, increased to $ 504 million from $ 401 million during the same period last year. This represented 40 per cent of total traffic-driven revenue.

However, display revenue dropped 7 per cent over Q2’15 to $470 million while search revenue also dropped by 13 per cent.

Meanwhile, according to media reports, Verizon is now in prime position to acquire Yahoo’s core business assets. According to reports there are now 5 potential buyers in the final shortlist with a decision expected in the coming weeks.

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