Yahoo! Revenues Rise, Fail To Meet Expectations
All the same, Chairman and Chief Executive Terry Semel stuck an upbeat note during the earnings call after the market closed. "Yahoo! continued to see solid growth in the second quarter as a result of our strength in both search marketing and brand advertising," Semel said.
For the period ending June 30, Yahoo! posted a net income of $754.7 million, or 51 cents a share, excluding traffic acquisition costs. Excluding $563 million from the sale of an investment, Yahoo! reported 13 cents a share, in line with analyst estimates and 5 cents above last year.
The company previously forecast second-quarter revenue of $855 million to $859 million, when it posted first-quarter results in April.
Subscriptions accounted for $158.7 million, or 18 percent, of second-quarter revenue, minus advertising commission.
Yahoo! forecast revenue--excluding traffic acquisition costs--of $880 million to $930 million for the third quarter, and of $3.6 billion to $3.7 billion for the year.
The company said it hopes to have over 12 million subscribers by the end of the year.
Recent Online Media Daily Articles
-
Yahoo Search Experiments With New Look May 23, 6:30 p.m.
Yahoo Search has been experimenting with colors, features and layouts, as the company tries to determine ... -
Path Seeks Dismissal Of Wireless-Spam Case May 23, 5:07 p.m.
Mobile social network Path is asking a federal judge to dismiss a lawsuit alleging that the ... -
Amazon Appstore Goes Global May 23, 4:59 p.m.
Amazon may have been late to the app store game, but that hasn’t stopped it from ... -
Data Is Springboard For Product Development May 23, 4:44 p.m.
iProspect named Ben Wood to global president Thursday; he's tasked with growing the company's network and ... -
Vice, Twitter Partner For Mobile Show May 23, 2:14 p.m.
Simultaneously expanding its video and social strategy, Vice on Thursday unveiled #dailyvice -- a daily show ... -
MediaVest Database Charts Brand Experience, Social Media Impact May 23, 12:11 p.m.
After a year-long research effort, Publicis Groupe’s MediaVest has created a massive database designed to help ... -
Discovery Launches TestTube.com, Ups Digital Video Involvement May 23, 11:27 a.m.
Discovery Communications is looking to get into the digital video platforms in a big way -- ... -
Network Advertising Initiative Proposes New Mobile Privacy Rules May 22, 9:03 p.m.
Moving forward with its plan to issue mobile privacy rules, the self-regulatory group Network Advertising Initiative ... -
Entertainment, Travel Bet On Mobile Banners May 22, 4:16 p.m.
Banner ads have long been the whipping boy of online advertising, and the same is now ... -
Marketers Should Tailor Specific Pitches To Tablet, Smartphone May 22, 2:51 p.m.
Don’t lump tablets in with mobile. That’s the takeaway of a new Forrester study looking at ...
Be the first to comment on "Yahoo! Revenues Rise, Fail To Meet Expectations"
Leave a Comment