Yahoo Losses Grow in Q2, No Word on Sale

yahoo marissa mayerIn its financial results for Q2 2016, Yahoo has posted losses of $440m (£335m), up from $22m a year earlier.

This growing loss is in spite of a five per cent year-on-year increase in revenues, hitting $1.3m during the three-month period. Yahoos mobile business – not including revenue from third parties – was up 50 per cent, to $378m.

On the earnings call, CEO Marissa Mayer avoided the issue that is of most interest to anyone watching Yahoo right now – the ongoing sale of its core business. The most recent reports, back in June, claimed that the final round of bidding for the company was between two US mobile networks, AT&T and Verizon.

“While we have no announcement today, I can say we are deep into the process of evaluating proposals and alternatives, and will update our shareholders as soon as is prudent,” said Mayer. “In parallel, we continue to strengthen our operating business through the execution of our 2016 strategic plan. As I’ve said before, our plan complements the strategic alternatives process, and is important to maximize the value of Yahoo in any scenario.”

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