Yahoo reports quarterly loss as it spends more to attract eyeballs

22 Jul, 2015 7:01 am

CALIFORNIA Yahoo Inc (YHOO.O) reported a quarterly loss, hurt by higher spending to attract users to its websites to better compete with Google Inc (GOOGL.O) and Facebook Inc (FB.O).

The company reported a net loss attributable to it of $21.6 million, or 2 cents per share, in the second quarter ended June 30, compared with a profit of $269.7 million, or 26 cents per share, a year earlier.

Revenue, after deducting fees paid to partner websites, was flat at $1.04 billion.

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