Here's Yahoo's Q3 2013 earnings. (The full press statement is due in the next few minutes).
Refresh this page or click here for updates.
EPS: 34 cents, it's a beat.
Revenues (ex-TAC): $1.08 billion, a decline of 1%, right on expectations.
Like an Olympic gymnast, CEO Marissa Mayer has nailed the landing perfectly, it seems.
Analysts were expecting earnings-per-share of 33 cents on revenues of $1.08 billion.
The revenue highlights from the statement show Yahoo is basically still in decline, as expected:
* Display revenue ex-TAC was $421 million for the third quarter of 2013, a 7 percent decrease compared to $452 million for the third quarter of 2012.
* The Number of Ads Sold (excluding Korea) increased approximately 1 percent compared to the third quarter of 2012.
* Price-per-Ad (excluding Korea) decreased approximately 7 percent compared to the third quarter of 2012.
Things are looking better on the Search ad side.
* Search revenue ex-TAC was $426 million for the third quarter of 2013, a 3 percent increase compared to $414 million for the third quarter of 2012.
* Paid Clicks (excluding Korea) increased approximately 21 percent compared to the third quarter of 2012.
* Price-per-Click (excluding Korea) decreased approximately 4 percent compared to the third quarter of 2012.
Mayer has warned us not to expect growth until next year.
The backstory: Mayer has concentrated fiercely on getting Yahoo's product lineup right, with a focus on mobile and apps.
Advertising revenue has taken a back seat to that effort because she believes that only once the user base is happy will meaningful ad dollars flow into the company.
Below the surface, Wall Street will be watching for news about Alibaba, the big Yahoo investment in Asia that is really driving the stock right now.
Yahoo is sticking with the video presentation format it introduced last quarter, which prompts a further question: Will Mayer be drinking from an over-sized coffee cup like she did last time?