Yahoo profits up by 46% in Q2 but revenues disappoint

Washington, July 17 (ANI): Yahoo (YHOO) has announced their second-quarter earnings of 331 million dollars but the revenue at 1.135 billion dollars has disappointed the company.

The CBS reports that Yahoo group has sought a 46 percent jump in earnings, aided by its operations in Asia.

According to the report, the biggest problem that Yahoo has faced is lack of growth. While cost cutting can push up profits, revenue is the real metric for the company.

But, revenues went down by 7 percent year over year, which suggests that advertisers haven't paid attention to CEO Marissa Mayer's attempts to revivify the company, including the purchase of blogging site Tumblr.

The number of ad sales was down 2 percent and the price per ad down 12 percent, the report added. (ANI)

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