Yahoo! Inc. (Nasdaq: YHOO) on Wednesday reported results for the third quarter ended September 30, 2007.
“Over the past three months, we conducted a thorough review of our business and the marketplace. We’ve made key strategic decisions to invest in and grow our large communities of users, advertisers, and publishers. We’ve also made progress in sharpening our focus and improving our execution,” said Jerry Yang, co-founder and chief executive officer, Yahoo! Inc.
Yahoo’s co founder is enthusiastic about the growth and has attributed the success to the advertisers and investors.Jerry Yang said that the company will focus on its three main objectives to achieve more growth.
“Moving forward, we are focused on three big,multi-year objectives: to become the starting point for the most consumers on the Internet; to be the ‘must buy’ for the most advertisers; and to deliver open, industry-leading platforms that attract the most developers.We are executing against our transformation and are excited about playing a leadership role in the large and growing Internet market.” Jerry Yang said.
Yahoo third Quarter 2007 Financial Results show revenues woth $1,768 million and a 12 percent increase compared to $1,580 million for the same period of 2006.
Yahoo! Inc. is a leading global Internet brand and one of the most trafficked Internet destinations worldwide.Yahoo! is focused on powering its communities of users, advertisers, publishers, and developers by creating indispensable experiences built on trust. Yahoo! is headquartered in Sunnyvale, California.