Yahoo's 2Q earnings rise 46 pct, revenue sinks

Jul 16, 2013

Yahoo's second-quarter results aren't giving Marissa Mayer a lot to celebrate as she completes her first year running the Internet company.

The numbers released Tuesday show Yahoo Inc.'s earnings climbed 46 percent, thanks to a major boost from an investment in Chinese Internet company Alibaba.

But Yahoo's revenue fell 7 percent from last year, highlighting a recurring problem despite other signs of progress under Mayer's leadership.

The lackluster growth reflects Yahoo's difficulties selling more digital advertising as marketers increase their spending at rivals Google Inc. and Facebook Inc.

Yahoo earned $331 million, or 30 cents per share in the three months ending in June. That compared with net income of $227 million, or 18 cents per share, at the same time last year.

Revenue totaled $1.14 billion.

Explore further: Uber says outside review shows customer data safe, private

1 /5 (1 vote)
add to favorites email to friend print save as pdf

Related Stories

Yahoo! completes Tumblr takeover

Jun 20, 2013

Yahoo! said Thursday it has completed a billion-dollar deal taking over the popular blogging platform Tumblr, a move aimed at bringing more youthful users into the company's orbit.

Recommended for you

Airbnb to expand tax collection efforts

Jan 30, 2015

Online lodging operator Airbnb is expanding its efforts to collect local taxes, responding to complaints that it competes unfairly with the hotel sector.

Jay Z to acquire Wimp music service

Jan 30, 2015

US rap star Jay Z will make a $56-million foray into the music streaming business by taking over the Norwegian service Wimp, its shareholders confirmed Friday.

How can Google snap its stock out of its stupor?

Jan 30, 2015

Google has turned into a stock market laggard as the shift to mobile devices has lowered the Internet search leader's digital ad prices and the company's expensive investments in far-out technology has trimmed ...

User comments : 0

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.