Yahoo has revealed its financial results for Q3 2014, with the company posting some solid numbers that outperformed analyst expectations.
Yahoo bagged a total revenue of $1.148 billion (£715 million), which was up 1 per cent on Q3 2013. Revenue excluding traffic acquisition costs was $1.094 billion (£680 million), which again was a 1 per cent increase year-on-year.
Non-GAAP income from operations was $156 million (£97 million), but that was down 10 per cent from last year's $173 million (£108 million).
GAAP net earnings stood at $6.8 billion (£4.2 billion, but that includes the money from the sale of Alibaba shares which totalled $6.3 billion), compared to $297 million (£185 million) in the third quarter of last year.
In total, the company now has $12 billion (£7.5 billion) in its coffers.
Yahoo also noted that the number of adverts it sold was up by around 24 per cent compared to Q3 2013.
Marissa Mayer, CEO of Yahoo, commented: "We had a good, solid third quarter. We delivered $1.094 billion in revenue ex-TAC and $1.148 billion in GAAP revenue. This represents 1% growth in revenue ex-TAC and 1% growth in GAAP revenue. We achieved this revenue growth through strong growth in our new areas of investment – mobile, social, native and video – despite industry headwinds in some of our large, legacy businesses."