Yahoo’s Q2 Profits Up, Revenues Below Expectations

Yahoo has posted a good Q2: its profits went to $754.7 million, compared to $112.5 million in the year-ago quarter. Total revenues came in at $1.25 billion, up from $832 million in the year-ago quarter. But excluding the traffic acquisition costs came in at $875 million, below expectations of $881 million. As a result, the Yahoo shares plunged 10 percent in after-hours trading.

Sector wise:

– Marketing services revenue were $1.1 billion, a 51 percent increase compared to $723 million in the year-ago quarter.

– Fees revenues were $159 million, a 45 percent increase compared to $109 million in the year-ago quarter.

– U.S. revs were $870 million, a 39 percent increase from the $624 million in the year-ago quarter.

– International revs were $383 million, an 84 percent increase from the $208 million in the year-ago quarter.

Comments have been disabled for this post