Yahoo has reported a net profit of $226.6 million for the quarter ending June 30, 2012, down 4.4% from $237 million reported during the corresponding period last year. The total revenues for Yahoo stood at $1.22 billion, a 1% decline from $1.23 billion reported during Q2 2012 while the revenues excluding the traffic acquisition costs (TAC) stood at $1.08 billion, a minor increase from $1.07 billion reported during Q2 2012. This was the first earnings call for Yahoo after the appointment of Google's longtime executive Marissa Mayer as the company's new CEO, yesterday. However, Mayer expectedly skipped the Q2 earnings call since it was her first day at work. Timothy Morse, Chief Financial Officer and Executive Vice President, Yahoo presided over the Q2 earnings call since the outgoing interim CEO Ross Levinsohn also decided to skip it. Operational Highlights - Fred Amoroso was named chairman of Yahoo!'s board of directors and Daniel S. Loeb, Harry J. Wilson, and Michael J. Wolf joined the Yahoo! board. - Yahoo's unique visitors grew by 2% YoY on Yahoo-branded sites and 1% YoY on its media property for the quarter. Page views for its media properties increased by 5% YoY while the page views for its communications & communities and search decreased by 11% and 13% YoY. Minutes spent increased 8% in communications & communities and decreased 10% in media properties, according to comScore metrics. - Yahoo had announced a definitive agreement with Alibaba to sell one half of its 40 percent stake to Alibaba for $7.1 billion which includes…
