Yahoo revenues drop 13 per cent

Business News

Jul 22, 2009, 0:16 GMT

San Francisco - Internet portal Yahoo reported a 13-per-cent decline in second-quarter revenues to 1.573 billion dollars from 1.798 billion dollars a year ago. Profit dropped 25 per cent to 76 million from 101 million a year ago, as the company struggled to deal with a drop in advertising. Yahoo said that without currency fluctuations and the sale of shopping site Kelkoo, revenues would have dropped just 6 per cent. 'Even in this challenging economic environment, Yahoo had a solid quarter, reflecting the strength of our offerings for our users and advertisers,' Yahoo chief financial officer Tim Morse said. 'Moving forward, our goal is to invest in the long-term health of the business so that we are positioned to capture the growth opportunities created by the economic recovery and the ongoing shift to online advertising.'

And Also

The Decade: Film's 10 Best Music Moments In The Aughts

The Decade: Film's 10 Best Music Moments In The Aughts - Cinema Blend
Muppets bow to the Queen in Bohemian Rhapsody cover - The Tech Herald
Why Don't Stars Wear Pants Anymore? - PopEater
Chris Rock interview, Sons of Anarchy and Woody Allen shout out for 'Madagascar' star

Your Talkback on this Story

Similar articles

Firefox claims billion downloads
New Firefox browser released
Yahoo to axe 5 per cent of workforce
Facebook users revolt against site's redesign
The internet in 2020: Mobile, ubiquitous and full of free movies

Latest Headlines in Business

Older Talkback

Business: Index

: News; Features; Currency Conversion

Latest Pics

From Sites we Like

Inmates protest cold meals, seem to be unclear on the concept of prison [Asinine]
Photoshop this BASE jumper [Photoshop]
You're a cop, and your daughter dies in the hospital. Do you A) mourn, B) establish a scholarship in her honor, or C) go nuts and tear-gas the children's ward? [Scary]

More Not News from Fark

In Monsters and Critics

: Arts; Books; DVD; Gaming; Lifestyle; Movies; Music; News; People; Science & Nature; Sport; TV; Archives
Other Languages and Sites: Deutschland (Monsters and Critics); The Tech Herald; Free Games

Entertainment: Arts; Books; DVD; Gaming; Movies; Music; People; Soundtracks; TV
Media: Celebrity Photos; Movie Pictures; Movie Trailers; Movie Posters; Theatre Stills; Celebrity Video; Music Video
Released this week: Movies - USA; Movies - UK; DVD - USA
Distractions: Online Games; Daily Crossword; Sudoku Classic; Daily Jigsaw

World News: US; UK; Americas; Europe; Middle East; Asia Pacific; South Asia; Africa; Business; Education; Health
Science and Tech: Science and Nature; Technology
Lifestyle: Autos; Fashion; Life; Travel

Corporate

: About; Advertise; Contact; The Team; Vacancies; Privacy; RSS; Site Map; Terms; Webmasters

The Fine Print

© 2003 - 2009 by Monsters and Critics.com, WotR Ltd. All Rights Reserved. All photos are copyright their respective owners and are used under license or with permission. * Note M&C cannot be held responsible for the content on other Web Sites.

Servers supplied by Servint