Thursday, July 22, 2010

YAHOO! REPORTS SECOND QUARTER 2010 RESULTS

Owned and Operated Display Advertising Grows 19% Year Over Year.

Company Continues Strong Operating Income and Margin Expansion.

SUNNYVALE, California � 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.

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