Yahoo blamed its acquisition strategy for a second quarter loss despite almost doubling its revenues.
Turnover for the period ended 30 June was $115.2 million compared to $44.9 million in the same quarter last year. Net losses, including acquisition charges of $56.13 million, amounted to $15.1 million or $0.07 per share compared to net losses of $14.2 million or $0.08 per share in the year ago period.
The acquisition charges related to the firm's purchase of Geocities, Online Anywhere and Encompass.
Excluding charges, however, Yahoo would have reported profits of $28.3 million or $0.11 per share, well above the First Call analysts' consensus of $0.08.
During the last month, Yahoo claimed its network registered 80 million unique users and its base grew to 65 million unique registrations.
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