Yahoo! Announces Q2 Earnings; Revenue Increases By 8%
July 18th, 2007 | 1,153 Views RSS Feed
With a total of $1.698 billion, Yahoo announced that 2007 Second Quarter's earnings increased by 8% compared to last year's comparatively dismal show of $1.576 billion, reports Paid Content. Despite a slump in earnings - from last year's $164 million to 2007 Q2 $161 million, earnings per share for the No.2 Search Engine remained $0.11 for both years.
Yahoo's 2nd quarter 2007 results equalled:
- Revenues - $1,698 Million
- Operating Income - $185 Million
- Operating Income Before Depreciation, Amortization and Stock-Based
- Compensation Expense - $474 Million
Jerry Yang, Yahoo! Founder and CEO reported,
“I am focused on doing everything we need to do to strengthen our business, capture long-term growth opportunities and create increased value for our shareholders,†said Jerry Yang, co-founder and chief executive officer, Yahoo! Inc. “By sharpening our focus, speeding execution, building our technology and talent, and investing in key growth areas, we can put Yahoo! on a clear path to fulfill its potential as an Internet leader.â€
Segment Financial Results
- United States segment revenues for the second quarter of 2007 were $1,119 million, a 5 percent increase compared to $1,070 million for the same period of 2006.
- International segment revenues for the second quarter of 2007 were $579 million, a 15 percent increase compared to $506 million for the same period of 2006.
- United States segment operating income before depreciation, amortization and stock-based compensation expense for the second quarter of 2007 was $362 million, a 6 percent increase compared to $341 million for the same period of 2006.
- International segment operating income before depreciation, amortization and stock-based compensation expense for the second quarter of 2007 was $111 million, a 4 percent decrease compared to $116 million for the same period of 2006.
Read for Yahoo! Reports Second Quarter 2007 Financial Results.
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