Yahoo reported profits of $348 million for the quarter ended December 31, 2013, registering a 28% growth from $272 million profit in the same quarter last year and up from $297 million profit in the previous quarter. However, do note that this profit includes a $49 million net gain from the sale of patents. For the full year ended December 31, 2013, Yahoo reported profits of $1.37 million, down 65% from $3.95 million profit in FY-2013, although note that FY-2013 profit includes a $2.76 billion gain from the sale of Alibaba group shares. The revenue excluding traffic acquisition costs (revenue ex-TAC) marginally declined to $1.2 billion for the quarter, down 2% from $1.22 billion revenues in the same quarter last year. The total revenue declined by 6% year-on-year (YoY) to $1.27 billion for the quarter, down from $1.35 billion in the same quarter last year. For the full year ended December 31, 2013, the revenues excluding traffic acquisition costs (revenue ex-TAC) declined to $4.43 billion, down 1% from $4.47 billion, while the total revenue declined 6% YoY to $4.68 billion from $4.99 billion in FY-2013. Highlights - Acquisitions: During the quarter, Yahoo made eight acquisitions to strengthen its products, technology, content offerings and talent. These include Aviate, PeerCDN, Evntlive, Ptch, SkyPhrase, LookFlow, Bread Labs and Hitpost to strengthen its products, content offerings, core technology and talent. - Yahoo says it also introduced an improved Yahoo Finance experience across multiple platforms (web, mobile and tablet), released a major update to Yahoo Mail and extended Yahoo Screen to…
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