Yahoo's Profits Spiked In Third Quarter
DAVID GREENE, HOST:
NPR's business news starts with earnings at Yahoo.
(SOUNDBITE OF MUSIC)
GREENE: Yahoo's new CEO, Marissa Mayer, got a lot of attention recently for her decision to cut short her maternity leave and return to work. Well, she returned to some good news: The troubled online company's profits spiked in the third quarter. Yahoo earned more than $3 billion, beating industry predictions.
This was largely based on the sale of its stake in the business-to-business marketplace Alibaba.com. That netted Yahoo 2.8 billion. Yahoo also got small boosts in ad revenues tied to its search engine.
NPR transcripts are created on a rush deadline by Verb8tm, Inc., an NPR contractor, and produced using a proprietary transcription process developed with NPR. This text may not be in its final form and may be updated or revised in the future. Accuracy and availability may vary. The authoritative record of NPR’s programming is the audio record.