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Yahoo profit up, but revenue falls short of forecasts

Nancy Gohring | July 21, 2010
Second-quarter revenue for Yahoo was US$1.60 billion, up 2 per cent over last year

Yahoo reported that revenue from marketing services, or advertising revenue, was up 4 percent while revenue from fees, associated with services like Flickr Pro, was down 16 percent over the same quarter last year.

Bartz, who took over at Yahoo early last year, said it will take yet more time for Yahoo to turn around. "There's a lot of transitioning happening, and it will be a few quarters before we begin to see results from investments," she said. Those investments include direct investment internally on products that should improve user engagement as well as partnerships with other companies, she said.

Yahoo said that revenue for the third quarter is expected to be in the range of $1.57 billion to $1.65 billion. 

 

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