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| Yahoo boosted by profits rise as Verizon reviews hacking impact | Yahoo boosted by profits rise as Verizon reviews hacking impact |
| (35 minutes later) | |
| Yahoo's profits more than doubled in the last three months, a boost for the beleaguered firm whose plan to sell its core business was thrown into doubt. | Yahoo's profits more than doubled in the last three months, a boost for the beleaguered firm whose plan to sell its core business was thrown into doubt. |
| Verizon Communications agreed to buy Yahoo for $4.8bn (£4bn), but disclosure of huge data breach put a question mark over the deal. | Verizon Communications agreed to buy Yahoo for $4.8bn (£4bn), but disclosure of huge data breach put a question mark over the deal. |
| In the quarter to 30 September, Yahoo's profits rose to $163m, from $76.3m last year, on revenue up 6.5% to $1.3bn. | |
| Chief executive Marissa Mayer said the figures underlined Yahoo's value. | Chief executive Marissa Mayer said the figures underlined Yahoo's value. |
| "We remain very confident, not only in the value of our business, but also in the value Yahoo products bring to our users' lives," she said in a statement. | "We remain very confident, not only in the value of our business, but also in the value Yahoo products bring to our users' lives," she said in a statement. |
| Revenues from mobile operations during the quarter reached $396m, up from $271m the previous year. | Revenues from mobile operations during the quarter reached $396m, up from $271m the previous year. |
| "We launched several new products and showed solid financial performance across the board," Ms Mayer said. | "We launched several new products and showed solid financial performance across the board," Ms Mayer said. |
| The results, the first financial update since Yahoo and Verizon announced their deal, beat most analysts' forecasts. | The results, the first financial update since Yahoo and Verizon announced their deal, beat most analysts' forecasts. |
| Yahoo's shares rose 1.3% in after-market trading on Wall Street, which analysts said reflected confidence that the data breach had not sparked a mass exodus of users of the firm's email system. | Yahoo's shares rose 1.3% in after-market trading on Wall Street, which analysts said reflected confidence that the data breach had not sparked a mass exodus of users of the firm's email system. |
| Yahoo disclosed last month that a hack affected about 500 million user accounts. Verizon said subsequently that the news could have a "material impact" on its plan to buy the company. | Yahoo disclosed last month that a hack affected about 500 million user accounts. Verizon said subsequently that the news could have a "material impact" on its plan to buy the company. |
| Ms Mayer said on Tuesday: "We're working hard to retain [users'] trust and are heartened by their continued loyalty as seen in our user engagement trends." | Ms Mayer said on Tuesday: "We're working hard to retain [users'] trust and are heartened by their continued loyalty as seen in our user engagement trends." |