Yahoo announced generally flat Q2 revenues of $1.6 billion but improved net income today. That compares with revenues of $1.57 billion in Q2 2009. Accordingly overall revenue growth vs. last year was 2 percent. However, “Display advertising on Owned and Operated sites … [grew] 19 percent in the quarter compared to the second quarter of 2009.”
In its earnings release and slides, Yahoo ticked off a range of positive developments including deeper Facebook integration, the launch of new and improved mobile sites and apps, the hiring of Blake Irving as Chief Product Officer, acquisitions of Associated Content and Koprol, among several other developments.
Yahoo said that search query volume “grew 7% [and] RPS grew 4% in the U.S.”
In its earnings slides Yahoo pointed out anticipated cost savings from its search alliance with Microsoft of roughly $75 to $85 million per quarter.
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