Yahoo CEO Marissa Mayer at the Fortune Global Forum on November 3, 2015 in San Francisco. (credit: Getty Images | Justin Sullivan)
Despite a rocky tenure as Yahoo chief executive that is likely to end in a sale to Verizon, Yahoo CEO Marissa Mayer today said the company has been transformed under her leadership and that she “couldn’t be more proud of the achievements to date.”
In a call with investors describing the $4.8 billion acquisition of Yahoo’s operating business that Verizon announced this morning, Mayer praised the Yahoo staff for “the tremendous accomplishments made over the past few years in our transformation.” Without mentioning missteps like the Tumblr acquisition, Mayer said, “we invested in and built our mobile, video, native, and social businesses from nothing in 2011 to $1.6 billion in GAAP revenue in 2015. We tripled our mobile base to over 600 million monthly active users and generated over $1 billion of mobile advertising revenue last year.”
Yahoo, Mayer said, has also “streamlined and modernized every aspect of our consumer products and dramatically improved our advertiser products. We’ve laid incredibly solid groundwork and the sale gives us the opportunity to build on that momentum.”
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Source: Ars Technica – Marissa Mayer “couldn’t be more proud” of achievements at Yahoo