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Tuesday, Jul 16
Alibaba's Q1 revenue rose 71% Y/Y to $1.38B, and its net income rose 203% to $669M, Yahoo (YHOO)...
Alibaba's Q1 revenue rose 71% Y/Y to $1.38B, and its net income rose 203% to $669M, Yahoo (YHOO) discloses following its Q2 report. Alibaba posted revenue of $1.84B (+80% Y/Y) and net income of $642M in seasonally strong Q4; margins improved greatly in Q1. CFO Ken Goldman states on the CC Yahoo is still exploring how to monetize its 24% Alibaba stake with little tax impact. Marissa Mayer says Tumblr has been adding 250K blogs/day post-acquisition, and that Yahoo needs more video content. "Our video [ad] inventory sells out months in advance, which is not a good thing." Will Yahoo go after another target, now that Dailymotion and Hulu are off the table? Shares rebound, now +0.1% AH. (Q2: I, II, III) (live blogs: I, II) (slides)