Yahoo Earnings Released
Apple wasn’t the only big tech company to release its earnings report today. Yahoo released its report, though technically the company considers itself a media company.
Either way, Yahoo revenue, excluding acquisition costs was $1,076 million for the second quarter, down year-over-year by 5%. Income from operations did increase 9% to $191 million for the quarter.
“For the quarter, earnings per share was up by 18% year over year. We made clear progress in search, and saw strong growth in engagement on our media properties,” said Carol Bartz, CEO of Yahoo!. “We experienced softness in display revenue in the second half of the quarter due to comprehensive changes we have made in our sales organization to position ourselves for more rapid display growth in the future.”
Here are the highlights as presented by Yahoo:
- Yahoo! is home to nine #1 properties globally, and is in the top three in 23 categories. Yahoo! has nine out of the top ten original video programs on the Web.
- Yahoo! continued to modernize its technology platforms, with 33 additional sites across the Americas, EMEA and Asia Pacific going live on the new global content platform in the quarter, bringing the total to 67. Yahoo! News in the U.S. went live in the quarter, the largest site to migrate to date.
- Yahoo! continued to break its traffic records with news events including the Royal Wedding in April. Marking the largest one day event with more than 400 million page views, Yahoo! operated the Internet’s number one Royal Wedding site. People also turned to Yahoo! when news of the death of Osama bin Laden broke, with almost 900 million page views on Yahoo! News, 50 million video streams and 500 million photos viewed in the first week.
- Yahoo! launched its new version of Mail offering a faster, safer and easier to use version of the #1 U.S. email.
- Yahoo! introduced Yahoo! App Search for the PC and Yahoo! AppSpot, a free mobile app for iPhone and Android users, to help users discover new and relevant mobile apps. Using Yahoo!’s powerful search technology, App Search and AppSpot allow users to zero-in on any app by showing matching app titles with a full comprehensive description, price, overall star rating from users, and screenshots in one spot.
- Yahoo! and Benchmark Capital announced the formation of Hortonworks, an independent company consisting of key architects and core contributors to the open source Apache™ Hadoop™ technology pioneered by Yahoo!.
- Yahoo! acquired IntoNow, enabling Yahoo! to provide enhanced media experiences and video programming, bolstering social engagement across the Yahoo! network and on all screens.
- Yahoo! acquired 5to1, an online advertising alliance consisting exclusively of major media publishers. Built on a proprietary publisher-controlled platform, 5to1 offers top brand advertisers premium inventory at mass scale.
- Yahoo! continued to introduce new original video programming including “In the Dressing Room” from Cat Deeley, the host of FOX Broadcasting Company’s number one dance show “So You Think You Can Dance” and “Trending Now,” which quickly became the second most popular program on Yahoo! News.
All the financials can be found here (pdf).