Yahoo Reports Revenues Up, Going for More on Smartphone Ads

The latest earning reports at Sunnyvale-based Yahoo suggest the web company is - with its new CEO at the helm - slowly turning around.
Yahoo ended the last quarter with more than $1.3 billion in revenue, up two percent from last year.  However profits are down eight percent.
During a conference call with investors, Mayer said that with the right new hires, Yahoo can compete with Google, Facebook and others for ad revenue on smartphones.
"Mobile monetization is something that's new for everyone. And it's not entirely clear that everyone has the great answer yet," Mayer says.
Mayer would not disclose how many engineers she's shifted to mobile teams, suggesting only that Yahoo has ‘nicely grown’ the area.
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