Yahoo ‘07 2nd Quarter Revenues Rise 8%

Thursday, July 19th, 2007 | Internet Marketing, Internet News, Yahoo

Yahoo said today that its net income for the second quarter was $161 million… almost unchanged from the same period a year ago, as revenues rose 8 percent to $1.7 billion.

…The quarterly results reflect gains from Yahoo’s new advertising system, known internally as Project Panama, which is helping the company increase the ad revenue it earns for every search query. But Yahoo’s gains from Panama were largely erased by weakness in display advertising…

http://www.nytimes.com/2007/07/17/technology/17cnd-yahoo.html?pagewanted=print

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