For the first quarter of 2008, revenues stood at $1,818mn, an increase of 9% compared to $1,672mn for the same period previous year net profit for the first quarter of 2008 stood at $542mn compared to $142mn for the same quarter last year. Marketing revenues stood at $1,572mn for the first quarter of 2008, a 7% increase. News from owned and operated sites stood at $966mn, an increase of 18%. Revenues from affiliated sites stood at $606mn decrease of 7% and fees revenues stood at $255mn for the first quarter of 2008, an increase of 21%.
During the quarter, yahoo! And WPP’s groupM, 24/7 real media and WPP digital, entered in to a strategic partnership that will enable WPP agencies to buy digital display advertising across the internet. Rogers wireless and yahoo! Entered into an agreement to provide one search, mobile search service to Rogers wireless and fido customer across Canada. Similarly, yahoo! And McAfee entered into a partnership to deliver a safer web search experience through yahoo! Search by launching the new search scan feature with McAfee site advisor technology.
Yahoo! Also entered into a new strategic partnership with T-mobile to bring Yahoo!’ s industry-leading mobile service to million of consumer in T-mobiles European footprint. Yahoo! And major league Baseball, entered into a three year video and advertising partnership that includes access to out of market MLB games on yahoo! Sports. Flickr, a Yahoo! Company an online photosharing community, launched video sharing under the name of flickr pro. Flickr pro members can now upload personal video clip and share them with friends, family, and the world.
Yahoo! Also launched yahoo! Go 3.0, yahoo!’s flagship all in one mobile offering at the consumer electronic show (CES) 2008. Zimbra a yahoo! Company working in open source, messaging, and collaboration software, launched Zimbra ME (java mobile edition) client and source code of business.
yahoo is realy a big giant in IT field.