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article imageYahoo's revenue falls for the third straight quarter

By Brenton Currie     Jul 22, 2009 in Internet
Somewhat dwarfed by Apple's financial results today, Yahoo also released their second quarter data showing a third straight revenue loss.
The release, which comes just one day after the announcement of the release of their new look homepage months earlier than expected, shows the company is still struggling to keep its head high.
The latest results show a 13% decrease in revenue so far this year, with display sales revenues falling a further 14 per cent and listings revenue decreasing to 21 per cent.
“I’m pleased with our results this past quarter. We established a clear, simple vision to be the center of people’s lives online, and we’re backing that vision with important initiatives to create ‘wow’ experiences for our users,” said Yahoo! chief executive officer Carol Bartz in a statement yesterday.
"We’re confident that this vision will put us on the right path to growth and profitability long term."
Revenues from Affiliate sites and marketing services revenues from Yahoo sites all fell over the past quarter, 9 and 16 per cent respectively.
Compared to this time last year's revenue of $1,798,085 Yahoo made $1,572,897.
More about Yahoo, Revenue, Third quarter
 
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