Yahoo has reported a net profit of $186 million for the quarter ending September 30th 2009, up 244% from $54 Million reported during the corresponding period last year, and higher than the $141 million reported. Year-on-year, though, gross revenues for Yahoo were down 12% at $1.575 billion, from $1.786 billion, and flat sequentially from $1.573 billion reported last quarter. CEO Carol Bartz said in a statement that she feels that Yahoo’s major businesses have stabilized with revenue above guidance and flat sequentially.
US vs International Revenues
— International Revenues: Segmentwise, international revenue grew 17.92% year on year to $509.66 million from $432.226 million, and around 21% sequentially from $420.5 million last quarter. International revenues account for 28.4%, up sequentially from 26% and 24.8% in the previous two quarters.
— US revenues: strengthened quarter on quarter to $1.276 billion, from $1.152 billion reported last quarter, as well as year on year from $1.143 billion.
Marketing Services Revenues; Display vs Search
Yahoo’s Marketing services revenues declined 12 percent year on year to $1.562 billion, and were flat quarter on quarter. At $223.7 million, fees revenues declined 11% year on year, and were up 2% sequentially. Marketing revenues from Owned and Operated sites were at $851 million, down from $858.16 million last quarter, and 15% lower than $1.002 billion reported for the quarter ending September 2008. The decrease was driven by, not surprisingly, a 19 percent decline in search advertising revenue and 8 percent decline in display advertising revenue.
The decline in search advertising revenue increased compared to 15 percent last quarter, while display fared better than a 14 percent decline reported last quarter. Marketing services revenues from Affiliate sites were $526 million for the third quarter of 2009, a 6 percent decrease compared to $561 million for the same period of 2008.