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Yahoo's Q3 profit more than doubles to US$163m

Boost in profits comes from cutting workers and costs, not from the strength of its core business

Published Wed, Oct 19, 2016 · 09:50 PM
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San Francisco

YAHOO'S quarterly profits shot up by more than double to US$163 million even as it prepares for a takeover by Verizon.

The faded Internet pioneer skipped its usual quarterly earnings call with analysts due to the pending takeover by the US telecommunication company, for which chief executive Marissa Mayer said Yahoo is busy preparing despite recent revelations about a major data breach that may affect the deal.

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