Yahoo Inc (YHOO.O) reported a quarterly loss, hurt by higher spending to attract users to its websites to better compete with Google Inc (GOOGL.O) and Facebook Inc (FB.O).

The company reported a net loss attributable to it of $21.6 million, or 2 cents per share, in the second quarter ended June 30, compared with a profit of $269.7 million, or 26 cents per share, a year earlier.

Revenue, after deducting fees paid to partner websites, was flat at $1.04 billion.

(Reporting by Abhirup Roy in Bengaluru; Editing by Simon Jennings)

This entry passed through the Full-Text RSS service – if this is your content and you’re reading it on someone else’s site, please read the FAQ at

Related Posts

Facebook Comments

Return to Top ▲Return to Top ▲