View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
  2. Data Centre
August 22, 2008

Yahoo Q2 profit falls

Yahoo has reported an 18% decline in net income to $131.21m for the second quarter 2008, on revenue up 6% at $1.79 billion.

By CBR Staff Writer

The company said marketing services revenue rose 7% to $1.58 billion, revenue from owned and operated sites grew 14% to $1.02 billion, and revenue from affiliate sites increased 4% to $571m. Fees revenue declined marginally to $211.12m.

Geographically, US revenue grew 13% to $1.26 billion, while international revenue grew 8% to $534m.

The company recently rejected a bid from Microsoft to acquire it for $33 a share, and a subsequent offer to acquire its search business.

Sue Decker, president at Yahoo, said: 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 agreement with Google will strengthen our competitive position as a leading provider of search and display advertising. Our growing list of partners including Publicis, WPP, Havas,, CNET and Turner are great examples of our ability to be the partner of choice across search and display advertising.

In the third quarter it expects revenue between $1.78 billion and $1.98 billion, and for the year revenue between $7.35 billion and $7.8 billion.

Content from our partners
Powering AI’s potential: turning promise into reality
Unlocking growth through hybrid cloud: 5 key takeaways
How businesses can safeguard themselves on the cyber frontline

Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how Progressive Media Investments may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.