Yahoo Q2 2008 Disappoints Wall St.

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Yahoo Second Quarter 2008 Financial Results • Revenues were $1,798 million for the second quarter of 2008, a 6 percent increase compared to $1,698 million for the same period of 2007.

• Marketing services revenues were $1,587 million for the second quarter of 2008, a 7 percent increase compared to $1,486 million for the same period of 2007.

“Yahoo!'s transformation gained momentum in the second quarter as we announced new product initiatives and partnerships along with solid financial results,” said Sue Decker, president Yahoo! in a statement. “We advanced our position with users by opening up Yahoo! through new innovative offerings like SearchMonkey and BOSS in search and have seen great improvements with Buzz in the freshness of content on our home page. Our commercial agreement with Google is another great example of our open strategy and we expect it will streng [...]
URL : http://feeds.searchenginewatch.com/~r/sewblog/~3/342920087/080722-170757
Date : 2008-07-23 00:07:57
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Author : Search Engine Watch Blog

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