Yahoo's Shareholder Meeting: All Eyes on Mobile

Tuesday, 25 Jun 2013 | 11:30 AM ET
Yahoo CEO Marissa Mayer answers shareholder's questions at the company's shareholder meeting on June 25, 2013.
Source: Yahoo Inc.
Yahoo CEO Marissa Mayer answers shareholder's questions at the company's shareholder meeting on June 25, 2013.

Yahoo's CEO Marissa Mayer stressed the company's on-going push to grow its mobile products and services while speaking at the company's annual shareholder meeting on Tuesday.

"We're focused on making the world's daily habits inspiring and entertaining," Mayer said.

(Read More: Tumblr Will Operate Independently: Yahoo CEO Marissa Mayer )

Mayer said Yahoo's mobile focus continues to grow and stressed that the company is committed to building mobile first. She highlighted several apps including Yahoo's Weather app and the company's photo-sharing app Flickr. Uploads to the Flickr have increased four times since the relaunch of the platform, she said. Photos uploaded to the Flickr mobile app alone have increased 50 percent.

Yahoo! Shareholders Meet Today
Arik Hesseldahl, All Things Digital, and Eric Jackson, Ironfire Capital, provide a preview of what will likely be on today's agenda and what to expect in the coming months from the tech giant and its leader, Marissa Mayer.

"It's clear Flickr is becoming a platform of choice for photos," Mayer said.

Desktop use of Yahoo is also on the rise, Mayer said. Since the launch of Yahoo's redesigned homepage, user interactions on the homepage are up 25 percent.

More users means more advertisers and that translates into more revenue, Mayer said. So far, Yahoo has about 10 percent of the display advertising market, she said.

To keep growth on track, Yahoo has been focused on recruiting top talent, Mayer said.

"Companies with the best talent win and that's why Yahoo has been focused for the last several months to become the best place to work," she said.

Shareholders also approved several proposed items, including the approval of 10 nominees for the board of directors, executive compensation and the appointment for PricewaterhouseCoopers as the company's registered public accounting firm.

Two shareholder proposals were also voted on, including a call for Yahoo to begin publishing an annual Corporate Social Responsibility report that focuses on human rights and a proposal that would require the company to file a report disclosing political contributions. Both proposals failed to get shareholders' approval.

(Related: Facebook Investors Press Zuckerberg on Stock Price at Annual Meeting)

—By CNBC's Cadie Thompson. Follow her on Twitter @CadieThompson.

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  • Matt Hunter is the senior technology editor at CNBC.com.

  • Cadie Thompson is a tech reporter for the Enterprise Team for CNBC.com.

  • Working from Los Angeles, Boorstin is CNBC's media and entertainment reporter and editor of CNBC.com's Media Money section.

  • Jon Fortt is an on-air editor. He covers the companies, start-ups, and trends that are driving innovation in the industry.

  • Lipton is CNBC's technology correspondent, working from CNBC's Silicon Valley bureau.

  • Mark is CNBC's Silicon Valley/San Francisco Bureau Chief covering technology and digital media.