Yahoo! (YHOO) Tops Q4 EPS by 1c

Yahoo! (NASDAQ: YHOO) reported Q4 EPS of $0.30, $0.01 better than the analyst estimate of $0.29. Revenue for the quarter came in at $1.18 billion versus the consensus estimate of $1.19 billion.

Reported Revenues:

Search:

• GAAP search revenue was $467 million for the fourth quarter, an increase of 1 percent compared to the fourth quarter of 2013. GAAP search revenue was $1,793 million for the full year of 2014, a 3 percent increase compared to $1,742 million for the prior year.
• Search revenue ex-TAC of $462 million for the fourth quarter of 2014 was flat compared to the fourth quarter of 2013. Search revenue ex-TAC was $1,784 million for the full year of 2014, a 5 percent increase compared to $1,699 million for the prior year.
• Gross search revenue was $932 million for the fourth quarter of 2014, an increase of 14 percent compared to the fourth quarter of 2013. Gross search revenue was $3,382 million for the full year of 2014, an increase of 14 percent compared to the prior year. Gross search revenue was not previously reported.

• The number of Paid Clicks increased approximately 10 percent compared to the fourth quarter of 2013.

• Price-per-Click increased approximately 7 percent compared to the fourth quarter of 2013.

Display:

• GAAP display revenue was $532 million for the fourth quarter of 2014, a 4 percent decrease compared to $553 million for the fourth quarter of 2013. GAAP display revenue was $1,868 million for the full year of 2014, a 4 percent decrease compared to $1,950 million for the prior year.
• Display revenue ex-TAC was $464 million for the fourth quarter of 2014, a 5 percent decrease compared to $491 million for the fourth quarter of 2013. Display revenue ex-TAC was $1,663 million for the full year of 2014, a 4 percent decrease compared to $1,737 million for the prior year.
• The number of Ads Sold increased approximately 17 percent compared to the fourth quarter of 2013.
• Price-per-Ad decreased approximately 20 percent compared to the fourth quarter of 2013.

For earnings history and earnings-related data on Yahoo! (YHOO) click here.

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