Yahoo announced second quarter earnings today, where revenues remained flat, as did their display ads and search ads.
Quarterly revenue was just about the same, with Q2 2012 revenue at $1,076M and Q2 2012 revenue at $1,081M.
Income from operations was down 71% from Q2 2011 of $191M to Q2 2012 of $55M.
The highlights include that their Non-GAAP net earnings per diluted share was up 47% year over year and that they hired Google’s Marissa Mayer as their new CEO.
On the display side revenue ex-TAC was $473 million, a 1 percent increase compared to $467 million for the second quarter of 2011. GAAP display revenue was $535 million, a 2 percent increase compared to $524 million for the second quarter of 2011.
On the search side revenue ex-TAC was $385 million, a 4 percent increase compared to $371 million for the second quarter of 2011. GAAP search revenue was $461 million, a 1 percent decrease compared to $467 million for the second quarter of 2011.
The conference call is at 5pm EDT and we will be listening and updating this story.
Related Topics: Channel: Industry | Top News | Yahoo: Business Issues
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