Yahoo Reports Q2 Financial Results

Yahoo Inc. (Nasdaq:YHOO) has reported results for the second quarter ended June 30, 2008. Yahoo revenues, according to a company release, 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.

Marketing services revenues from Owned and Operated sites were $1,016 million for the second quarter of 2008, a 14 percent increase compared to $892 million for the same period of 2007. Marketing services revenues from Affiliate sites were $571 million for the second quarter of 2008, a 4 percent decrease compared to $594 million for the same period of 2007.

“Yahoo is executing against its strategy, and we believe is well positioned for long-term growth and maximizing stockholder value,” said Jerry Yang, co-founder and chief executive, Yahoo! Inc. “Yahoo! saw benefits in the second quarter from a number of the strategic initiatives that we have been delivering against, including the roll out of innovations in search and the announcement of a number of important partnerships. We are seeing validation that we have the right strategy as we continue to make transformational investments that position us to take advantage of pivotal trends driving growth on the Internet.”

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