Yahoo today reported its second quarter results, ended June 30, 2013. The company reported the GAAP revenue of $1.135 billion, a 7 percent decrease from the second quarter of 2012 while revenue excluding traffic acquisition costs was $1.071 billion, a 1 percent decrease compared to the second quarter of 2012.
GAAP income from operations was $137 million for the quarter, a 150 percent increase for the same quarter previous year, while non-GAAP income from operations was $209 million, a 13 percent decrease for the same quarter previous year.
The GAAP net earnings for the quarter were $331 million while non-GAAP net earnings were $386 million. GAAP net earnings per diluted share were $0.30 while non-GAAP net earnings per diluted share were $0.35 for the quarter.
Here is what Yahoo’s CEO Marissa Mayer says about the earnings:
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.
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