Since Yahoo reported first-quarter earnings, the company has had two CEOs, dealt with an uruly board, and settled complicated transactions with both Alibaba and Facebook. Through the large part of that timeframe, Yahoo’s revenues and profits remained relatively flat, the company reported Tuesday.
Net revenue was $1.081 billion for the quarter ending June 30, down slightly from $1.076 billion in the same period a year ago. Net income was $226.6 million, down from $237 million in Q2 2011.
Revenue from display advertising amounted to $534.9 million, up from $523.5 million. Search and revenue marked “other” both declined, down to $460.9 million and $221.9 million respectively.
Yahoo hosted a conference call at 5 p.m. ET on Tuesday. New CEO Marissa Mayer, who began work at Yahoo on Tuesday, was not on the call. Nevertheless, she’s likely to be the focus.
