SAN FRANCISCO — Yahoo turned in another lackluster performance in the second quarter.
The results announced Tuesday underscore the challenges facing Yahoo’s newly hired CEO Marissa Mayer as she tries to turn around the Internet company after a 13-year career as a top Google executive.
Mayer, 37, will attempt to reverse years of financial lethargy that has plagued Yahoo while rivals such as Google and Facebook Inc. have prospered as advertisers spent more money promoting their wares on the Internet.
Yahoo struggled through its latest quarter under two different CEOs, Scott Thompson and Ross Levinsohn. Revenue for the period dipped 1 percent from last year to $1.22 billion.
After taking out ad commissions, Yahoo’s net revenue totaled $1.08 billion. That figure fell about $16 million, slightly below analyst estimates.
JOIN THE DISCUSSION | Register here
We welcome comments. Please keep them civil, short and to the point. ALL CAPS, spam, obscene, profane, abusive and off topic comments will be deleted. Repeat offenders will be blocked. Thanks for taking part — and abiding by these simple rules. A thorough explanation of rules of conduct can be found in our Terms of Service. If you have any questions, including why your comment may not be showing immediately after you submit it, be sure to visit the commenting FAQ.