Yahoo has reported a net profit of $3.16 billion for the third quarter 2012, up from from $293 million reported in the same quarter, last year. It reported a revenue excluding traffic acquisition costs ("Revenue ex-TAC") of $1,089 million for the third quarter of 2012, a 2% increase compared to the third quarter of 2011 and reported $1.202 billion of GAAP revenue for Q3 2012, down from $1.217 billion it had reported in Q3 2011. It should be noted that Yahoo earned about $2.8 billion of its net profit from sale of its stake in the Chinese e-commerce business Alibaba. Excluding the Alibaba stake sales, Yahoo earned about a profit (GAAP) of $152 million for Q3 2012, that's a 14% decline from the same quarter previous year where it reported an income of $177 million. Highlights: - APAC region: Revenue generated from APAC regions decreased to $207 million for Q3 2012, while it was $222 million for the same quarter last year. APAC accounted for 6% of the total revenue generated. - Americas: The display revenue for Americas region grew by 6% at $802 million, while it was $754 for the same quarter last year. - Advertising: Display revenue, ex-TAC was $452 million, flat compared to the third quarter of 2011. GAAP display revenue was $506 million, a 1 percent increase compared to $502 million for the third quarter of 2011. Search revenue ex-TAC was $414 million, an 11 percent increase compared to $374 million for the third quarter of 2011. GAAP search revenue was $473 million, a 1 percent increase compared to $467 million for the third quarter of…
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