Web portal Yahoo! posted a $186.1 million profit for the third quarter this year, in part on the strength of stabilizing display-ad sales and in part on income from the sale of its stake in Chinese business-to-business portal, Alibaba.com. Revenue dropped 12% on a year-over-year basis. Yahoo! CFO Tim Morse said, "Ad spending is starting to free up, and we are a great value proposition for advertisers."

Related Summaries