Yahoo! Reports Second Quarter 2010 Results

Posted on July 21, 2010 by Steve Stafford

SUNNYVALE, California, July 20, 2010 – Yahoo! Inc. (NASDAQ: YHOO) today
reported results for the quarter ended June 30, 2010.

Revenue was $1,601 million for the second quarter of 2010, a two percent increase from
the second quarter of 2009. Income from operations for the second quarter of 2010 was
$175 million, compared to $76 million in the second quarter of 2009. Excluding
restructuring charges of $65 million in the second quarter of 2009 and $10 million in the
second quarter of 2010, income from operations grew 32 percent in the second quarter.

Net income per diluted share for the second quarter of 2010 was $0.15, compared to
$0.10 in the second quarter of 2009.

“We’re pleased that we continued to deliver strong operating income and margin
expansion,” said Yahoo! Chief Executive Officer Carol Bartz. “Our search fundamentals
are improving and we posted another quarter of healthy display advertising growth.”

Business Highlights

• Display advertising on Owned and Operated sites continued to perform well, growing
19 percent in the quarter compared to the second quarter of 2009.
• Operating margin expanded from 4.8 percent in the second quarter of 2009 to 11.0
percent in the second quarter of 2010. Excluding restructuring charges of $65 million
in the second quarter of 2009 and $10 million in the second quarter of 2010,
operating margin expanded from 8.9 percent to 11.6 percent.
• Yahoo! deepened its integration with Facebook through Yahoo! Pulse – now users
can link their Yahoo! and Facebook accounts and view and share updates with
friends across both networks.
• Yahoo! launched new Mail and Messenger apps for the Android platform, as well as
HTML-5-based Mail and News sites for the iPhone.

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