"Beyond building great user experiences of our own, we're looking at smart acquisitions," Mayer said. "We're going to continue to be strategic and selective ... for acquisitions that we can integrate quickly and easily into our business," she said.
Acquisitions for talent, or "acquihires," are also on the table, the company said, when pressed by analysts to explain whether it would develop new products internally as well.
Yahoo did suggest that its mobile apps and services will be closely aligned with the top things people already do on their mobile devices: Checking email, the weather and news; getting sports scores; playing games; sharing photos; group messaging; and getting financial or stock information.
"That's almost in exact correlation with Yahoo's business and product line," Mayer said.