You are hereYahoo Q1 Earnings: Profits Rise, Display Advertising Grew 20 Percent

Yahoo Q1 Earnings: Profits Rise, Display Advertising Grew 20 Percent


By www - Posted on 20 April 2010

Yahoo reported first quarter earnings today, with revenues rising a paltry 1 percent from the first quarter of 2009 to $1.6 billion. Income from operations for the first quarter of 2010 was $188 million, compared to $101 million in the first quarter of 2009. Net income came in at $310 million for the quarter compared to $118 million in the first quarter of 2009.

Yahoo grew display advertising revenue by 20% year over year, driven by guaranteed display advertising, which grew by 24% year over year. Cash flow from operating activities was $144 million, a 45 percent decrease compared to $262 million for the same period of 2009.