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Yahoo! Reports Second Quarter 2013 Results

Yahoo! Inc. (NASDAQ: YHOO) today reported results for the quarter ended June 30, 2013.

    Q2 2012     Q2 2013    

PercentChange

GAAP revenue $1,218 million $1,135 million (7)%
Revenue ex-TAC $1,081 million $1,071 million (1)%
GAAP income from operations $55 million $137 million 150%
Non-GAAP income from operations $240 million $209 million (13)%
GAAP net earnings per diluted share $0.18 $0.30 68%
Non-GAAP net earnings per diluted share $0.30 $0.35 19%
 

“I'm encouraged by Yahoo!’s performance in the second quarter.  Our business saw continued stability, and we launched more products than ever before, introducing a significant new product almost every week,” said Yahoo! CEO Marissa Mayer. “From the new Yahoo! News, the new Yahoo! Sports app, the redesigned Yahoo! search, the new Flickr, the new Yahoo! Mail for tablet, the Yahoo! Weather app, our new Yahoo! app with Summly - this quarter drove tremendous improvements in our product line and our users responded with increased usage and engagement.”

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