Yahoo today reported its first quarter 2013 results. The company reported GAAP revenue of $1.140 billion, a 7 percent decrease from the same quarter a year ago while revenue excluding traffic acquisition costs (“revenue ex-TAC”) was $1.074 billion for the first quarter of 2013.
The GAAP income from operations increased 10 percent to $186 million in the first quarter of 2013, compared to $169 million in the first quarter of 2012. Non-GAAP income from operations was $224 million in the first quarter of 2013, compared to $231 million in the first quarter of 2012. GAAP EPS was $0.35 while Non-GAAP was $0.38.
“I’m pleased with Yahoo!’s performance in the first quarter. We saw continued stability in our business, strengthened our team, and started the year with fast execution against our products and partnerships,” said Yahoo! CEO Marissa Mayer. “We are moving quickly to roll out beautifully designed, more intuitive experiences for our users. I’m confident that the improvements we’re making to our products will set up the Company for long-term growth.”