Yahoo's 4Q shows modest strides amid security breach fallout
January 24, 2017
SAN FRANCISCO — Yahoo's financial performance improved slightly during the fourth quarter while the company dealt with the fallout from massive security breaches that have jeopardized the $4.8 billion sale of its internet operations to Verizon Communications.
The fourth-quarter report released Monday provided the latest snapshot of a shrinking company that has been steadily losing ground in the digital advertising market that generates most of its revenue. Yahoo also disclosed the closure of the Verizon deal will be delayed for up to three months.