Yahoo Earnings: Revenues Continue To Lag As Yahoo Firms Up Plans To Spin Off Alibaba

The company's core advertising revenues continued to disappoint as the revenues (excluding Traffic Acquisition Cost or TAC) decreased marginally by 1% year on year to $1.253 billion. Furthermore, the non-GAAP operating income declined by 80% to $32.15 million. For the full year 2014, revenues declined by 1.33% from $4.68 billion in 2013 to $4.61 billion.