Yahoo Earnings: Monetization Continues To Elude The Company Even As Focus Shifts To Mobile

Revenues excluding TAC missed company's guidance and declined by 4% to $1.04 billion, indicating that the company made little headway in its core business. Furthermore, the non-GAAP operating income declined by 47% to $80 million. Cash flow also suffered as the company satisfied the $3.3 billion income tax liability related to sale of Alibaba holding in 2014. The only silver lining in the results was Yahoo performance in the up and coming Mobile, Video, Native and social ads vertical. While GAAP...