The company announced profit was down 61% to $269m from $683m but revenues were up 13% to $1.7b. Free cash flow was $278m for the quarter.
Average analyst expectations were earnings of earnings of 13 cents per share on earnings. Excluding items including stock based compensation expense, the company had earnings of 21 cents a share.
Also of interest, the Yahoo Answers, Flickr, del.icio.us and Yahoo! Video properties surpassed 100m unique monthly visitors and 50% of those users are under 35 years old; a statistic the company says is better than both MySpace and Facebook.
In the company’s earnings call, there was significant attention on the coming quarters as well as high expectations for the implementation of the Panama modular advertising platform.
More detailed press coverage on Yahoo’s finances can be found at: