Yahoo also promises to return "at least half of the after-tax [Alibaba] IPO proceeds to shareholders." That could translate into several billion worth of buybacks and/or a big special dividend.
The company guides in its Q2 earnings slides (.pdf) for Q3 revenue (ex-TAC) of $1.02B-$1.06B, below a $1.1B consensus. Adjusted EBITDA is expected to fall to $220M-$260M from $331M a year earlier, and op. income is expected to total $70M-$110M.
Alibaba had Q1 revenue of $1.97B (+42% Y/Y), gross profit of $1.4B (+37%), and net income of $906M (+36%). The company already provided many Q1 details in a June F-1 filing. Yahoo Japan (OTCMKTS:YAHOF) had Q1 revenue of $1.06B (-6%), and net income of $311M (-10%).
$719M was spent on buybacks in Q2, up from $450M in Q1.