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Yahoo managed to earn $137 million in the second quarter of 2013

Yahoo income up over 150% year-over-year during the second quarter of 2013

| Business, Financial & Legal News | Posted: Jul 17, 2013 1:31 am

Yahoo posted its quarterly earnings report today and while things haven't changed much for its bottom line, the company was able to post a revenue of $1.135 billion for the second quarter of 2013 alone. This is actually down 7 percent for the same period of 2012. Of that $1.135 billion, only $137 million was actually income which is said to be up 150 percent from the same period in 2012.

 

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Yahoo CEO Marissa Mayer had the following to say:

 

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. 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.

NEWS SOURCES:Investor.yahoo.net

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