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Business

Yahoo earnings offer rare good news

Opening sequence

Opening sequence

Business

Yahoo earnings offer rare good news

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COMING UP:Yahoo earnings offer rare good news

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Transcript

00:00:02
>> Yahoo finally catching a break from the steady drumbeat of bad news, on Tuesday reporting slightly better than expected third quarter earnings. Revenue from the so-called MaVeNS, the mobile video native and advertising units that CEO Marissa Mayer taunts as its emerging business rose nearly 25% to $524 million.
00:00:24
But what investors really wanted to know is whether or not a $4.8 billion deal with Verizon for Yahoo's core Internet assets could fall through, or the price cut. Verizon's general council last week said a 2014 hack on Yahoo, possibly the biggest data breach ever, impacting half a billion email accounts, could have a material impact on the deal.
00:00:49
Reuter's reporter, Deb Todd.>> One analyst that I spoke to said that horizon might still have some reasons to duck out of this. Yahoo is reporting that they did not lose a lot of average users in the week after this breach, however the analyst is saying that these reports are just from the week after and then in coming months we could see a lot of users gone.
00:01:10
She's saying they also have a huge risk of lawsuit due to the breach.>> But Yahoo stuck to its earlier statement that it would have nothing to say about the deal and with no investor call, Yahoo only said through its earning statement that it's busy preparing for the integration with Verizon.