Web search giant Yahoo! has reported net revenues totalling $182.1 millionfor the second quarter ended June 30th.
This represents a smaller loss than expected by Wall Street and compares with net revenues of $272 million for the second quarter of 2000.
But actual net loss for the second quarter ended June 30th, which includes $45 million of restructuring and acquisition-related charges, was $48.5 million, or $0.09 per share less than expected by Wall Stret before the announcement.
In the second quarter, Yahoo! also saw its number of unique users touch the 200 million mark (up from 156 million in June 2000) for the first time in its history.
In June alone, 71 million active registered members logged onto Yahoo!, and its traffic hit 1.2 billion page views per day on average during June 2001 globally.
But Yahoo! CEO and chairman Mr Terry Semel said that although the reports indicted a better performance than expected, it would be at least next year before their core advertising activities improved.
"There is no single event that will transform this company. Rather, it will be a series of events starting this quarter that will demonstrate Yahoo!’s momentum and progress," he said.
The company announced it would be focusing on developing a closer relationship with the corporate market over the next year,particularly in the area of premium personalised services.