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Yahoo posts $21.6mn loss for second quarter

  • Yahoo has posted a net loss of $21.6 million in the three months to June 30, but chief executive Marissa Mayer said the online search and advertising company had made “great progress”. In 2014, it had posted a $269.7 million profit in the same period.

    Meanwhile, Yahoo’s revenues in the second quarter increased by 15% to $1.04 billion. Under Mayer’s leadership, the firm is moving away from ads aimed at desktop computing to mobile and video advertisements.

    Tagged as: Yahoo, Yahoo net loss, chief executive Marissa Mayer, online search, advertising, Yahoo revenues, mobile ads, business news