Yahoo!’s net income for the three months ending June 30 was $161 million (£78 million) compared with $164 million (£80 million) in the same period last year.
Marketing services revenues were $1.4 million for the second quarter of 2007, a 7% increase compared to $1,386 million for the same period of 2006.
Yahoo!’s forecast for the full year said that its revenue for 2007 would fall between $4.89 billion and $5.19 billion.
Jerry Yang, co-founder and chief executive officer, Yahoo!, said: “I am focused on doing everything we need to do to strengthen our business, capture long-term growth opportunities and create increased value for our shareholders.
“By sharpening our focus, speeding execution, building our technology and talent, and investing in key growth areas, we can put Yahoo! on a clear path to fulfill its potential as an internet leader.”
At the end of June, Terry Semel stepped down as Yahoo! chief executive after six years at the helm, to be replaced by co-founder of the company, Jerry Yang (see Terry Semel Steps Down As Yahoo! Chief Exec).
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