A key element of the company’s strategy to drive growth and profitability in the U.S. has been to streamline its business operations and improve retention.
The results of the third quarter were an indication that the company has achieved this goal, as it had the highest retention rate in the industry, according to the company.
However, Yahoo had the lowest turnover rate in its business segments, which includes businesses like search, social and video.
This comes amid an uptick in search traffic as the company ramps up the rollout of its own video search engine.
Yahoo also posted revenue of $9.4 billion, up from $8.5 billion a year earlier.
The company’s profit grew from $1.5 per share to $1 a share, driven by higher revenues from advertising and licensing and net income from operations.
Its earnings per share were up from 38 cents to 43 cents.
Yahoo also reported earnings of $1 billion, which came to $3.26 per share.
YooS is currently valued at $41.2 billion.
The company is seeking to expand its U.K. operations by hiring a senior executive in the UK.