yahoo! inc (YHOO) Key Developments
Yahoo! Inc Announces Nomination of Three New Board Members
Apr 17 14
Yahoo! Inc. has nominated three new members to the company's board of directors. Shareholders will vote on these nominees at the company's Annual Meeting scheduled to be held on 25 June 2014. These nominee board members are David Filo, co-founder Yahoo! and Chief Yahoo; Charles R Schwab, chairman and a director of The Charles Schwab Corporation and H Lee Scott Jr., former president and chief executive officer, Wal-Mart.
Yahoo Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2014
Apr 15 14
Yahoo reported unaudited consolidated earnings results for the first quarter ended March 31, 2014. For the quarter, the company reported GAAP revenue of $1,133 million for the first quarter of 2014, a 1% decrease from the first quarter of 2013 of $1,140 million. Revenue excluding traffic acquisition costs ("revenue ex-TAC") was $1,087 million for the first quarter of 2014, a 1% increase compared to the first quarter of 2013 of $1,074 million. Adjusted EBITDA for the first quarter of 2014 was $306.4 million, a 21% decrease compared to the first quarter of 2013 of $385.6 million. GAAP income from operations was $30.2 million for the first quarter of 2014 (which included net restructuring charges of $9 million), an 84% decrease from the first quarter of 2013 (which included restructuring reversals of $7 million) of $186 million. Non-GAAP income from operations was $149 million for the first quarter of 2014 compared to $224 million in the first quarter of 2013. GAAP net earnings for the first quarter of 2014 was $312 million (which included net restructuring charges of $6 million), a 20% decrease compared to $390.3 million in the first quarter of 2013 (which included restructuring reversals of $4 million). Non-GAAP net earnings for the first quarter of 2014 were $402 million, a 4% decrease from the same period of 2013. GAAP net earnings per diluted share were $0.29 in the first quarter of 2014, compared to $0.35 in the first quarter of 2013. Non-GAAP net earnings per diluted share were $0.38 for the first quarter of both 2014 and 2013. Net cash provided by operating activities was $139.1 million against $219 million of prior year period. Acquisition of property and equipment, net was $84.7 million against $70 million of prior year period.
Yahoo Provides Earnings Guidance for the Second Quarter 2014
Apr 15 14
Yahoo provided earnings guidance for the second quarter 2014. The company expects GAAP revenue to be in the range of $1.12 billion and $1.16 billion, revenue ex-TAC to be in the range of $1.06 billion to $1.1 billion; and as discussed in a fourth quarter call, the company expects to continue current rate of investment throughout this year, resulting in adjusted EBITDA outlook of between $290 million and $330 million for second quarter and non-GAAP operating income to be between $130 million to $170 million.
Yahoo! Inc. Announces Peter Liguori Intention to Not to Seek Re-Election
Apr 11 14
On April 8, 2014, Peter Liguori notified the Board of Directors of Yahoo! Inc. that he will not seek re-election as a director at company's 2014 Annual Meeting of Shareholders. Mr. Liguori will continue to serve as a director until the Annual Meeting.
MediaMath Partners with Yahoo, Microsoft Corp, iSocket, Shiny Ads and Yieldex to Launch Automated Guaranteed Premium Media Buying Within TerminalOne
Apr 7 14
MediaMath announced its strategic partnerships with Yahoo, Microsoft Corp, iSocket, Shiny Ads and Yieldex, becoming the first technology partner to provide digital marketers with automated, direct access to both guaranteed, premium inventory and non-guaranteed inventory through its TerminalOne Marketing Operating System(TM). Through its Automated Guaranteed offering, MediaMath customers are able to leverage the impact of top-tier placements of premium publishers previously only available through manual direct sales channels, while also benefiting from the seamless workflow and efficiency of programmatic media buying. Marketers can now achieve greater success by managing their real-time bidding (RTB) and premium guaranteed buys through one system. Furthermore, incorporating Automated Guaranteed in programmatic media channels offers buyers the ability to take advantage of improved campaign controls, smarter algorithmic decisioning, along with the advanced reporting and insights that one receives with open exchange buying. MediaMath buyers are able to easily identify and purchase publisher deals through the Deal Discovery app, accessible in TerminalOne. This offering provides clients with the ability to get inventory availability, pricing, and place guaranteed buys in an automated manner based on client buy parameters. Buyers will be able to programmatically execute guaranteed deals at fixed prices with sites like Yahoo, MSN, as well as premium sites in the iSocket publisher catalog such as Condé Nast, Forbes and USA Today. Yahoo, Microsoft and iSocket, each with unique targeting capabilities for buyers, are the first to integrate within TerminalOne(TM), with Yieldex and Shiny Ads inventory coming soon. Current integrated partners provide U.S.-based guaranteed inventory, but access to global inventory will be available soon.